Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The banks seem poised to challenge their federal regulators requirements for holding yet more Capital: (todays WSJ): "Banks have spent more than a decade since the financial crisis showing relative deference to regulators. Now big banks have signaled they are considering legal action, something they rarely do. To help craft a legal strategy, the Bank Policy Institute, an industry group, has hired Eugene Scalia -- a frequent scourge of regulators and the son of late Supreme Court Justice Antonin Scalia.

"The banking industry never expected Congress to fix this proposal, but the pressure they've applied ensured that the chorus clamoring for changes is loud enough to be heard and heeded by the Fed," said Isaac Boltansky, director of policy research at financial-services firm BTIG.

Heightened capital requirements could make it harder and more expensive for consumers and small businesses to get mortgages and other loans, banks and some lawmakers say."