September 1, 2011
THESE REITS, CIM, NLY AGNC, ETC. PROVIDE AN EXCELLENT VEHICLE TO MAINTAIN MORTGAGES AND HELP FRE AND FNM TO FLOAT AND OBTAIN MORE MONEY TO AID IN THE MORTGAGE BUSINESS. THE 90% THEY PAY OUT IN DIVIDENDS IS TAXABLE TO THE RECIPIENTS, SO BASICALLY THEY ARE NO DIFFERENT FROM A SUB S CORP AND DO NOT NEED OVER REGULATION. SOME THINGS DONT NEED TO BE FIXED TO DEATH, THEY WORK JUST FINE AND DO A GOOD THING FOR THE ECONOMY