Replies to post #190861 on Fannie Mae-No Politics (FNMA)

[10bambam]

Are you talking about his radio interview? I just woke up so I am just finding out about the interview. Who has info about it?

[Pugilista]

don't get so excited just yet. It was Rep. Michael Capuano (D-MA) not Mike Crapo (R-ID.

Capuano did say he thinks the govt. was wrong and that fannie and Freddie were being used as piggy banks and that investors have a good chance of willing. However, he did say that the GSE's needed to be reformed into something else. Maybe even combined.

Preservation of 30 year fixed:

This is why I think it will be reformed and get bipartisan support because it will make constituents happy especially during elections. Best way for most people to get wealth creation and entry into middle class. IMO