Fannie Mae-No Politics (FNMA)

[tcj]

The editorial is a perfect summation of what we face from the anti FnF crowd. When you look at the members of the senate finance committee and the banking, housing and urban affairs committee, it is striking how many are against FnF. We had all better hope that Mnuchin's comments:

"Absolutely. We gotta get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have. In many cases this displaces private lending in the mortgage markets and we need these entities that will be safe; so let me just be clear we’ll make sure that when they’re restructured they’re absolutely safe and they don’t get taken over again but we gotta get them out of government control.”

don't mean what many members equate with "out of government ownership/control".