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Fannie Mae CEO Mike Williams will resign, according to sources. This follows the year-end...

Fannie Mae CEO Mike Williams will resign, according to sources. This follows the year-end resignation of Freddie Mac chief Ed Haldeman. Both had come under pressure for their high pay even as the organizations continued to bleed money at taxpayer expense. The moves may also clear the deck should the Administration want to move forward with its floated new housing proposals.
Comments (3)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    The departures free up two choice spots for apparatchiks bailing on the administration prior to the election. Wait for an announcement stating that Fannie and Freddie need to be broken up into smaller entities opening up even more slots for our public servants to park while they await the next big election.
    10 Jan 2012, 05:26 PM Reply Like
  • marketman54
    , contributor
    Comments (823) | Send Message
     
    Wait till they tell you that there are over a million homes in each of Fannie, Freddie, and FHA and they will bundle them off at 0.10 on the dollar and tell us what a great job was done.

     

    Also, these guys won't be getting a $50 million bonus so why stay on the Titanic!!
    10 Jan 2012, 10:20 PM Reply Like
  • The Last Boomer
    , contributor
    Comments (889) | Send Message
     
    The head of FHFA DeMarco needs to resign too in order to clear the deck for the new housing proposals. DeMarco opposed many of the administrations attempts to use Fannie and Freddie for new initiatives. I hold NLY and the moment DeMarco is gone, I will sell my NLY shares because the proposed plans will have direct impact on the ability of the mREITs to pay out the big dividends. DeMarco's resignation will signal that the administration has cleared the way for their new initiatives and they can move with them. I won't take the chance to hold NLY at that moment.
    11 Jan 2012, 01:48 PM Reply Like
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