Even more than Freddie Mac and Fannie Mae the backers of the Red Plan have deep pockets which will guarantee that te Red Plan is paid for unless voters find a way to scuttle it. Those deep pokets belong to the taxpayer.
The Federally sponsored Home Mortgage behemoths, Freddy Mac and Fannie Mae, have no such guarantee. If they fail the Federal Goverment has no legal obligation to back their foolish policies. They may get backing because their collapse would be so calamitous but there is no guarantee. If the Red Plan is calamitous taxpayers will pay no matter what.
