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If we survive a nuclear showdown with Iran, we'll be lucky.
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A wee bit of hyperbole, GF ?
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If the GSEs had been completely privatized, as Gramm wanted in '99, they would have fallen under the Fed for oversight...
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Now you're in fantasyland.

Privatize what was started with public money and then that mysterious oversight (that has been missing in action for the last 8 [more like 27] years) would have saved the day ? I don't think so. Regardless, it didn't happen that way.
1999....who was a Sentaor back then ? ? ?
Don Brown