there are basically TWO different businesses:
1) mortgage investment, the side biz.
this biz is currently about 500b, being winding down to 250b. 250b is the normal number b4 the crisis.
2) mortgage insurance, the main biz of Fannie.
this biz is about 2500b, NOT being winded down, and is growing.
think as if Allstate has a small lot to sell cars along the main insurance offices.
winding down does not mean shutting down.
Will never happen. To many oppose to break up cash cow. 5 against 115.