[laserboy]

I am suggesting their financial difficulties are symptomatic of a systematic problem with current mortgage lending standards and the current state of the mortgage lending industry. If Fannie Mae is having problems securitizing mortgages, is it not logical to surmise that other institutions might as well?

Look at the financials of the subprime lending institutions such as Irwin Financial and New Century Financial, it is apparent that they are propping up their earnings and balance sheets through creative financial means. Why are they doing this? Fannie Mae is refusing to even show their books. Every other financial institution is required to report their earnings every quarter, why does it take them 3 years? What are they using, an aabacus?