Fannie Mae-No Politics (FNMA)

[RCChristian]

Democrats will NEVER kill GSEs, Republicans will!

Who says? Maxine Waters will take over as Financial Chairman if Democrats win. This is part of her proposal in 2014:

https://democrats-financialservices.house.gov/uploadedfiles/media/file/003%20maxine%20waters%20legislation/gse%20bill/waters%20housing%20finance%20reform%20bill%20-%20detailed%201-pager.pdf


"Provides for a “waterfall” for distribution of earnings in conservatorship to:
Treasury Senior Preferred shares, any reserve funds needed in connection with
wind-down of the GSEs, outstanding Affordable Housing Fund payments, and
existing preferred and common shareholders, including Treasury as holder of
warrants."