Fannie Mae-No Politics (FNMA)

[pablocruize]

Jeb Henserling will have a nice hearing and get some good gavel time His bill will not make it out of committee. By the time this is apparent Congress will be back in budget battle mode as the debt limit will again dominate the discussion.

The major legislation achievement 2013 will still be sequester.

The watch word in 2014 for the GOP should be Do No Harm as the Congressional Elections loom. They hopefully will realize that fighting the battles of 2009 is a losing formula and seek a pro growth Return to Prosperity message that Mac and Mae are certainly a part of (and a winning message to all post baby boomers wanting their chance at The Dream).

After the mid terms if the GOP wins it will be gearing up for the Presidential Elections, ditto for the Democrat's. This means lots of posturing with only the most urgent legislation gaining traction.

In 2014 it will be six years since the financial collapse in 2016 eight and the specific reform mania it engender will be abandoned for more contemporary proposals.

Liquidating the GSE's is still highly unlikely based on the political risk but its the waiting that gets frustrating.