Fannie Mae-No Politics (FNMA)

[CrownJules]

They are running out of time, having nothing to do with Fannie and Freddie.

Everyone in the House and 36 Senators are up for re-election in November and they all want to get home with no black marks on their records, including legislation on which they can be attacked.

If today's "no's" and they existed on both side of the aisle stand pat, there isn't much chance of it coming back up in the Banking Committee this year.

Johnson/Crapo could force it but the chances for high teens or 20 votes are unlikely.

Opponents just have to keep bitching about the big handout to banks, the likely higher mortgage costs, and the market uncertainty of trying to introduce a new system and regulatory regime in the face of no widely accepted problems, and a half a dozen other issues.