Isakson's Bill - so basically, in this special instance, ignore all other federal laws, and place the GSEs in receivership, and further ignore all existing bankruptcy law and simply give everything to Treasury. Hmmm...
This is a very good case of throwing out the baby, keeping the bathwater.
This is all based on the false premise that taxpayers have not been paid back, and most senators know this is not true. Ignore it and let the administration hang themselves.
On Feb. 12, the date this bill was introduced and made public, fannie opened at 2.33 per share. That day, it closed at 2.39 and yesterday's close of 2.93 means the bill caused the pps to rise 60 cents or 25%.
Well not much more needs to be said, all the prior post pretty much sum up this fictional ideologically toxic piece of trash disguised as paper and words. I wonder how long it would take isaakson to to figure out how to put that round peg into that square hole.....