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News Focus
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skidoo31

08/24/13 2:09 PM

#115449 RE: mikoli007 #115448

This is also my take on the "winding down" of F&F "as we know them today" ... ( we know them today as being in C ship and trading on the OTC )
The wind down has begun, first stop... NYSE !!! BILLIONS in profits-
BILLIONS, PEOPLE, BILLIONS !!
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buflo

08/24/13 8:58 PM

#115484 RE: mikoli007 #115448

Obummer want FnF profits legally or Illegally

Obummer wind down means any means that will allow him to take profit from current FnF investments.
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mrfence

08/24/13 11:08 PM

#115493 RE: mikoli007 #115448

Yes, in fact the only clear requisite espoused by the President in regards to "winding down the GSEs, Fannie Mae, and Freddie Mac, as we know them" was removal of the taxpayer from its risk exposure, and retaining the availability of a 30 year mortgage to sustain the middle class as well as helping some responsible, good credit, lower income earners to break into the middle class. Personally, I agree with the sentiment, and there's absolutely know sane reason to eliminate Fannie Mae, and Freddie Mac to achieve those goals. In fact, there are a plethora of fundamental reasons to do just the opposite.