What I'm interpreting from the last few paragraphs is that they want to overhaul FNMA and FMCC combining their services then release from conservatorship so that they can feel better about easing financing requirements to once again allow subprime like mortgages again. The positive news as far as retail investors are concerned is the simple fact that just about all the talk nowadays includes a thriving FNMA. There is some discussion about the ideal size of these entities. IMO any action should have been taken years ago. Next quarter there will be no justification for any of this and the longer we go the more support to keep FNMA as is builds. The opinion pieces are slowly changing and irrelevant at this point. What matters is the political ability and the will to create change and neither one is probable after everything the US govt has mishandled the past few years. I would be extremely shocked if any legislation receives a vote in 2014. Highly unlikely.
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