Fannie Mae-No Politics (FNMA)

[IL Padrino]

"While I’m committed to working with Congress, I’m not going to wait on Congress. In fact, if you look at the statute, it contemplates an end to the conservatorships," he said. "The model is very similar model to how the FDIC operates. The law requires me to do what I can within my powers to fix the GSEs and then release them from conservatorship — and that’s exactly what I intend to do.”

What a difference between this and Watt’s claims it was congress’ job. Glad we finally got some info from MC. I was beginning to think it was more of the same.