Fannie Mae (FNMA)

[CatBirdSeat]

Bove Encouraged By Watt’s Comments On Fannie Mae, Freddie Mac

http://www.valuewalk.com/2014/10/bove-encouraged-by-watts-comments-on-fannie-mae/

“Mr. Watt is reshaping Fannie Mae and Freddie Mac so that Congress may never be forced to vote on their status again. He is acting, undoubtedly with the President’s blessing, to create a new entity that will be the Fannie and Freddie of the future,” Bove writes. “These companies are likely to be merged but they are not going away and the shareholders in these companies are not going to be eliminated as Judge Lamberth believes should be the case.”