News Focus
News Focus
icon url

Freddie bagholder

01/20/22 11:25 AM

#708652 RE: bradford86 #708650

yes Jim Parrot. Interesting comment by some user on Tim Howard blog:

Thompson: “…There are a number of issues that Congress will have to address, specifically, if the enterprises exit conservatorship will the companies be private, will they be public, what form will they be in?”

This all reminded me of some Jim Parrott statements from early 2021:
— In a January 2021 Urban Institute paper entitled The Trump Administration Plays its Last Cards on Fannie Mae and Freddie Mac, Parrott near the conclusion wrote: “…at the end of this, taxpayers will wind up with an interest in the GSEs equal to close to half a trillion dollars and warrants on 79.9 percent of their common equity. That is a good deal closer to government ownership than private ownership, so the next administration could decide that it is easier, and better policy, to simply convert the well-capitalized GSEs into government-owned utilities. And this is indeed what several of us have proposed as the best course of policy.”
— On Tim Rood’s On the Hill podcast on April 1, 2021 Parrott said (at ~ 21:48): “we may be entering another stage in this debate…we’ve been in the stage of the last 4 years…where the Trump Administration was…the focus was on…getting them ready to go out…getting them back into private ownership…and all of that…my sense is that’s going to change with this administration…so it will be interesting to see what the ‘title of the next chapter’ is going to be”.