Freddie Mac-No Politics (FMCC)

[along4zride]

PANEL VOTE TODAY. READ EM AND WEEP

The bill will pass in the 22-member committee. The measure would replace the U.S.-owned companies over five years with federal insurance for mortgage bonds that would kick in only after private investors were wiped out. Current shareholders of Fannie Mae and Freddie Mac would be in line behind the U.S. in getting any compensation from the wind-down.

WIPE OUT!