Fannie Mae-No Politics (FNMA)

[ada]

This is really big news. Watt is disregarding the Treasury and Obama's wishes and acting like the independent leader he is supposed to be. The cry is they shouldn't get raises as long as the companies are tax payer back stopped. Well maybe it's time to remove the back stop and let them stand on their own. They certainly make enough money now to build capital.

The pay caps' removal "is a big deal, signaling that these institutions are once again to be seen like normal private sector institutions, indeed like the Fannie and Freddie of old,"