Absolutely agree. The size and magnitude of the RMBS market is such that talk of making them tax-free would amount to quite a tidy sum of tax revenue having to be offset.
Ain’t gonna happen, and if it does, it means that there some serious turdage that has hit the turbine blades.
Man, y’all are tough! Not even an “atta boy” for promoting the clever idea of doing to covered bonds what worked so well for munis (i.e. making them tax-free)?!