Bair: "Bank Bailout NOT a good thing"; Pension Benefit Guaranty Corp (PBGC) Bailout Coming

David Stevens: "Bailout is a term widely used with financial institutions. FHA is a government agency so let's just be clear. .... FHA does not operate under the same context as a typical financial institution. So the term bailout really just does not apply technically" Lovely Given that Fannie Mae and Freddie Mac are institutionalized, I guess the term bailout technically no longer applies to them either.