Replies to post #209470 on Fannie Mae-No Politics (FNMA)

[Mikey Mike]

It seems they may be more losing traction than delaying the vote to gain traction...give it a couple of weeks...then if nothing...they're outta time...

[Dollars1]

Time is out. Most people thought, even if it made it through committee, it wouldn't go any further. As of now, it hasn't made it through committee. Our side is too strong with courts, push for release for c-ship, etc. They just have to do their thing to bow out now. The ones that are delaying, know what it means. Maybe your letters to them helped!!! Keep emailing your congressmen!! (Even though none of mine have responded.) :)

[CrownJules]

They are running out of time, having nothing to do with Fannie and Freddie.

Everyone in the House and 36 Senators are up for re-election in November and they all want to get home with no black marks on their records, including legislation on which they can be attacked.

If today's "no's" and they existed on both side of the aisle stand pat, there isn't much chance of it coming back up in the Banking Committee this year.

Johnson/Crapo could force it but the chances for high teens or 20 votes are unlikely.

Opponents just have to keep bitching about the big handout to banks, the likely higher mortgage costs, and the market uncertainty of trying to introduce a new system and regulatory regime in the face of no widely accepted problems, and a half a dozen other issues.