Fannie Mae-No Politics (FNMA)

[Eazy]

Here is how this will play out. The senate will bring the Corker bill to the floor. Of course they know it will not have enough votes to pass or it will be filibustered. Since it is a bi-partisan bill then both parties can say they tried to get meaningful GSE housing reform passed. But Congress is gridlocked due to extremist and lobbying efforts so liquidation is not an option. Then they will "compromise" to pass a bill that has Freddie and Fannie only being able to corner a percentage of the housing market if the private market agrees to pick up the slack. Both parties will be able to save face on this issues. With a 14% approval rating no one expects much from them anyway. JMO