100 days

[Derick]

in regards to morgages, banks dont hold morgages, they sell them to companies like freddie and fanny to remove that dept from thier books. If F/F failed, there would be other companies that would buy the AA rated morgages, but the issue is with all of those loans issued to people with bad credit and 100% financing would end up in forclosure. Do they deserve it, probably. The bailout part comes because there are so many people are took out these arms that they cannot afford to pay.