61.   Previously, the government provided seed money through grant programs, but never held equity stakes in private companies, as this fund will do.

62.   Private pension funds can do that.

63.   Private pension funds are doing the same thing.

64.   Put some money into small-cap, international, and value funds, even though those funds are doing poorly today.

65.   So did international funds.

66.   Small, aggressive funds tend to buy such thinly traded securities more than large-cap stock funds do.

67.   Smaller, more specialized funds are doing much better.

68.   So this deal is the best the mortgage fund could do, and it will at least save the company, right?

69.   Such funds would do better if rates fall or remain steady, but would suffer if rates rise again.

70.   That is much better than bond funds did.