Replies to post #216262 on Fannie Mae-No Politics (FNMA)

[implication]

"Senate Banking Committee Chairman Tim Johnson, a South Dakota Democrat, and Senator Mike Crapo of Idaho, the top Republican on the panel, have the backing of six Democrats and six Republicans on the 22-member committee. However Senate Majority Leader Harry Reid has said the bill needs to attract more support from Democrats, who hold a slim majority in the chamber, before he will bring it to the floor for a vote."

After Watt's address this week, I do not see support being drummed up from Democrats. I don't think Reid will be able to bring it to a vote. Either way, it will ultimately prove another feint. Would not want to be a short right now banking on it passing committee.

[cfljmljfl]

Big boys are waiting for dinner. They will quickly clean up loose shares on the table, then we balance. The big boys know the weak were going to drop their shares today, that's why they waited.