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Just trying to do my part. Response

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Spicoli   Monday, 02/08/16 05:26:00 PM
Re: None
Post # of 541319 
Just trying to do my part. Response below from my Rep..asking him to release the GSEs and look into Treasury's misdeeds with Fan/Fred and the Debt ceiling shenanigans.

February 8, 2016

Dear Mr
I would like to thank you for contacting me with regard to government sponsored enterprises Fannie Mae and Freddie Mac. Also, I would like to apologize as I understand your original email had not yet received a response.

As you know, in 2008 Fannie Mae and Freddie Mac were placed into conservatorship run by the Federal Housing Finance Agency (FHFA). Under this conservatorship the FHFA was given broad control in order to secure the failing GSE’s under the Housing and Economic Recovery Act of 2008.

Testifying before the House Financial Services Committee last year, Mel Watt Director of the FHFA stated that keeping these enterprises in conservatorship for the long run is not sustainable. However, any legislation that would remove these enterprises from conservatorship would be best served coming from the House Financial Services Committee which I do not serve on.

While I may not serve on the committee of jurisdiction I would like to assure that I intend to monitor this issue as Congress looks to tackle the issues facing the housing finance market. Please be assured that I will keep your views in mind if any related legislation comes before the House of Representatives.

Again, thank you for taking the time to contact me. If you would like to keep up with other important issues you can follow me on Facebook (www.facebook.com/repshimkus), Twitter (www.twitter.com/repshimkus), or sign up for my electronic newsletter at www.shimkus.house.gov.


Member of Congress

Please do not reply to this email address. Instead, please send all e-mail messages (including replies) through the web link: Email John. I cannot guarantee the integrity of the text of this letter if it was not sent to you directly from my Congressional Email Account. If you have questions about the validity of this message, please email me through my website at http://shimkus.house.gov/ or call my Washington, DC office at: 202-225-5271.

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