tag:blogger.com,1999:blog-3782644139927778760.post-9681371731830902962008-03-09T14:30:00.000-04:002008-03-09T14:30:00.000-04:00ctmm-<BR/><BR/>I didn't mean to imply that I support such a policy. IMHO, I think Fannie/Freddie should be allowed to default if it comes to that, and for that matter, so should Citi and all the other "too big to fail" institutions out there (if they really are providing such an invaluable service, then someone is willing to pay good money for such service, which means someone else will come up to provide that service. The invisible hand and all, right?).<BR/><BR/>As for your question about the difference between the bankrupt bank and the bankrupt person, it comes down to Trump's famous dictum "If I owe the bank a million dollars, it's my problem; if I owe the bank a billion dollars, it's the bank's problem". Especially when Wall St. has purchased the sympathies of our public officials and Main St. is viewed as nothing but outsourcing fodder.Lunehttp://www.blogger.com/profile/07474032876924494925noreply@blogger.com