[Nervous Tick]

>> I believe in the soundness of the US economic system, and of the ability of the free market to correct imbalances when they occur.

That’s cool. I do to.

I also note that begging for a rate increase — just another form of government bailout — is NOT allowing the “free market to correct imbalances”.

[HereInTheHeartland]

I believe in the free market but I also see the need for some govt help, guardrails at times.
FNM and FHLMC provide an invaluable amount of needed stability and soundness to the housing market.
We also need a Federal presence to add stability and organization to other financial markets.
A total free market would be anarchy.