Friday, April 11, 2014 8:37:15 AM
The mortgage derivative trader turned consultant/lobbyist who co-wrote the Johnson-Crapo bill is named Michael Bright. He was the senior financial adviser to Sen. Bob Corker, worked as a member of the loan-pricing desk at Countrywide Financial until 2006, and as a senior trader for Wachovia from 2006 until the financial crisis of 2008.
http://www.valuewalk.com/2014/04/johnson-crapo-fannie-mae-freddie-mac-bill-by-banker/
Records show that Bright became a member of Corker’s staff in 2010, and was an influential voice in crafting the initial Corker-Warner housing reform bill as well as the current legislation based on it.
According to Tim Pagliara, a Republican political operative who has taken an active stance against the bill that would eliminate Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). “[Bright’s] running the show. And Corker listens to him.”
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