Replies to post #60605 on Fannie Mae-No Politics (FNMA)

[buccaneer1961]

im glad the poker bill is already dead in the water as far as others are concerned as was other articles

[~ Blue ~]

NAH~~ NO LIQUIDATION ALLOWED UNDER CONSERVATORSHIP BY FHFA


It is very clear from FHFA website. There are only 2 options for Government

1/ To Release FNMA from C-Ship

OR

2/ Transfer FNMA to a New Entity

Check it out

http://www.fhfa.gov/webfiles/35/FHFACONSERVQA.pdf

[JohnCM]

"The bill would wind down the existing investment portfolios at the GSEs at 15% annually until they are liquidated, likely leaving nothing for current preferred or common shareholders."

"Ouch....Can you say timber?"

The only thing in common here is that this longshot bill was printed on timber.