its not going to work. this is much like the junk bond fiasco. Indymac specialized on taking in garbage loans ( mozillo created indymac) and packaging them for sale with the idea that there would be failures but of low percentage. the high failure rate was due to dishonest commissioned loan people who will never be prosecuted. they were barely making it until the idiot senator highlighted them and paniced everyone, including investors. You cant mute senators no matter how stupid they are, and investors are just as stupid. the drops in fannie mae and freddie mac are caused by the new york times casting aspersions as to their viability, and once again stupid investors race to kill it. This is an old tactic in stocks, set out a rumor on something, buy it for nearly nothing and make a killing when it recovers.
Stupid investors will make me rich!