[AdamSelene235]

It would take out most money center banks (derivative counterparties), many small banks (who use GSE paper as cash equivalent reserves), your 401K money market(using Fannie repos) and "high quality" bond funds, the dollar, and easily halve the value of American homes.

Game over, do not pass go, do not collect $200.

Who would be responsible for seeing that the government wouldn't get in this kind of trouble, so to speak - ? Who let it get to the point where it is - ?

Americans who look to the government to solve all of their personal problems.

[Pastnowfuturealpha]

In your post: "Americans who look to the government to solve all of their personal problems."

Come on - I was looking for the people responsible for letting it get to this point - and you come back with that -?

If you don't know, just say so - maybe someone else will have the answer -