Fannie Mae-No Politics (FNMA)

[navycmdr]

the significant part is MNUCHIN's take on the TBTF BANKS ...

He was a Community Banker ... the ICBA has been ALL ALONG

Calling on MNUCHIN to RECAP and RELEASE the TWINS

and allow them to relax LOAN restrictions SO THEY CAN COMPETE

on a more level playing field with the TBTF BANKS ....

Mnuchin: You know why ?

Because the top eight banks control all the assets in the United States
and they don't want anybody else to compete. So what we're trying to do,
and by the way, there is bipartisan support for this, and I think this
legislation will be passed in the next three months to modify Dodd-Frank
so that commercial banks, regional banks, community banks can succeed.

Our objective is we don't want just eight large banks in the United States.

So the modifications on Dodd-Frank are all designed to help community banks
and regional banks.