Fannie Mae-No Politics (FNMA)

[Bodach]

"unwinding government control of...Fannie Mae"

“TEXAN’S PLANS PUT WALL STREET ON EDGE,” by the Wall Street Journal’s Patrick O’Connor. During Jeb Hensarling’s first congressional bid, a man at a campaign stop in Athens, Texas, asked the Republican if he was ‘pro-business.’ ‘No,’ the candidate replied, drawing curious stares from local business leaders who had gathered to hear him speak, a former Hensarling aide recalled. ‘I’m not pro-business. I’m pro-free enterprise.’ Now, more than a decade later, that distinction has Wall Street on edge. The new chairman of the House financial services committee wants to limit taxpayers’ exposure to banking, insurance and mortgage lending by unwinding government control of institutions and programs the private sector depends on, from mortgage giants Fannie Mae and Freddie Mac to flood insurance. … In interviews, a half-dozen industry representatives expressed some level of anxiety about Mr. Hensarling’s legislative agenda. However, because the chairman hasn’t offered details yet, they were reluctant to speak publicly about his plans.”

http://abcnews.go.com/blogs/politics/2013/03/welcome-to-miami-the-note/

http://on.wsj.com/YHiC83