Fannie Mae (FNMA)

[NobodyFromNowhere]

Great Publicity! Bank Layoffs Starting Up at JPM, USB

Seems big banks want to lobby for Fannie and Freddie now.

Great public showing of the fickle nature of banking.

All in, a great publicity stunt for Fan and Fred. Who keeps credit flowing? Bank balance sheets do not during margin squeeze, credit events, regulatory pressures, and increased capital requirements.

Gotta think guys like Corker are picking up the phone, calling Minneapolis and Dimon and saying "What the ---- are you doing?" How can I help you when you're throwing families out on the street again?

although banks will probably use the moment to push for regulatory & capital easing.

they'll be hard pressed to explain how an end to Fan Fred is good, especially when GDP dropped 0.7% in the 1st quarter.