Fannie Mae-No Politics (FNMA)

[Sogo]

Congressman: "no one disagrees that we need to wind down fannie and freddie". I don't know the name of the congressman that just said this. He was complaining about the fact that "we are not taking a bipartisan approach". Then he complemented the corker warner bill as bipartisanship. But then he said the 30 yr loan was essential.

Then the next congressman said the U.S. is 17th in the world in home ownership and the countries ahead of us have very little gvt involvement in housing. And he said the market will provide many options for buyers and the 30 yr will remain even if we wind down fnma. He claimed he's a builder / developer himself.