Reply #7: We feel so sorry for people with these mortgages and want them to get cram downs

[dkf]

And for them not to be foreclosed on, but when we own the mortgages we are outraged at their low quality? I don't understand what we think should have been done with these people. If they should have been renters all along then foreclosing will put them back in this status. If we want them to stay in their houses then why are we complaining how junk the mortgages are?

Lastly if we don't want the American taxpayer on the hook for these mortgages then we need to wind down Freddy and Fannie.