Fannie Mae-No Politics (FNMA)

[MonestHind]

**BREAKING*NEWS**:Growing support for elimination of FNMA

BY CONGRESSMEMBER CAROLYN B. MALONEY (link below)

"Fortunately, a more bipartisan and responsible approach is actually underway in the Senate. A bill introduced by Senators Bob Corker (R-TN) and Mark Warner (DVA) would replace Fannie and Freddie with a new public-private partnership that limits risks to taxpayers but still allows for the government to continue playing a limited role in the secondary mortgage market. This is the type of approach I’d like to see in the House of Representatives."

http://www.qgazette.com/news/2013-11-27/Editorials/Reform_Must_Preserve_The_Affordable_Mortgage.html

tetondon Wednesday, 11/27/13 03:13:24 PM
Re: MonestHind post# 158261
Post # of 158263

Quote:
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A bill introduced by Senators Bob Corker (R-TN) and Mark Warner (DVA) would replace Fannie and Freddie with a new public-private partnership that limits risks to taxpayers but still allows for the government to continue playing a limited role in the secondary mortgage market.
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How I read that: A bill introduced by Senators Bob Corker (R-TN) and Mark Warner (DVA) would replace Fannie and Freddie with... Fannie and Freddie.

The proposal is available to read if anyone is unclear about what would happen to common shares should said bill become law. It would not be pretty... Most say the CW bill doesn't have much of a chance, but there is mounting support from the decisionmakers.