Since we’ve already ponied up about $140 billion keeping Frannie afloat, the news that FHA most probably is going to need at least $13 billion to maintain a minimum amount of solvency probably makes you shrug and note it’s just chump change. Keep in mind that once upon a time, a central banker assured all of us that a measly $50 billion hiccup in the subprime mortgage market was nothing to worry about and posed no danger.[More…]