Replies to post #79792 on Fannie Mae-No Politics (FNMA)

[7kidsmom]

The headline is not representative of the article. Never says abolish them..4rather get governor out. Who writes the headlines?

[Sogo]

Doesn't this put an end to fnma longs? Or would they be counting on getting their fair share of the liquidates assets once fnma is wound down?

[jdmoney]

Why don't you go watch the video and tell me when he ever said that please. Thank you

[Chief Slapaho]

WTF??? I thought Watt was pro-FnF. Why the about-face?

[bmp152]

Interesting, I just listened to the senate hearing video.

In no way did Watt mention shuttering Fannie and Freddie completely. He did mention that new mortgage reform needs to happen to take the taxpayers off the hook in case of a housing catastrophe, and that he's open to discussion about how to approach it. He applauded the efforts of Warner-Corker to get the discussion moving but not once did he say he agreed with it.

In summary, that reuters article is horseshit.

[Slyder009]

Not abolish, release to private sectors. FNMA is not disappearing it is giving it back to the shareholders, where its undertaking would be brought on by shareholders not the taxpayers.