WRONG SHORTY ! Did you see today where the NAHB said a "federal backstop" a must for mortgage market.... Profits will be huge - gov't gets paid back and then all pofits go to shareholders. IF new entity formed then will be like Sallie Mae where stocks were transfered 1: 1. Point is shareholders will be protected ! I understand you get paid to bash. Nice try.
your looking thru rose colored glasses.. wind down is imminent after taxpayers recoup there money in the form of a dividend paid to the treasury...not an option to do something else and it was promised to the American taxpayer after the bailout of taxpayers money . we do not want to choke on loses ever again..187 billion in loses to taxpayers is ridiculous scam on the American taxpayer.