BLUE SKY BREAKOUT

[~ Blue ~]

FIRST NEWS(!)WSJ: New proposal from Sen. Reed(D): It would restructure—but not eliminate—Fannie and Freddie


June 16, 2013, 7:54 p.m. ET


The proposal is one of a handful that could be issued in the coming weeks. Sen. Jack Reed (D., R.I.) is said to be working on a separate bill that would create a similar framework but with one key difference: It would restructure—but not eliminate—Fannie and Freddie and use the refashioned companies, stripped of their federal charters and investment portfolios, to issue government-guaranteed securities.

http://online.wsj.com/article/SB10001424127887324021104578549682228860970.html

THIS IS MONSTER NEWS.. SEN. COCKER'S PROPOSAL DEAD.

FNMA AND ITS SIBLING BLOW UP...

GOOD TO HOLDER FROM LAST WEEK