Frannie investors find a friend in Sen. Toomey

|By:, SA News Editor

"While I strongly support GSE reform that protects taxpayers, such efforts should also be mindful of investors," says Senator Pat Toomey, sticking up for preferred and common stockholders of Fannie Mae (FNMA -30.6%) and Freddie Mac (FMCC -27.5%) in wake of a proposed bill to wind down the GSEs.

"Taxpayers should be fully compensated, but once they are, investors ... should not be denied their fair share of any remaining value."

"The government┬╣s actions with respect to the GSEs' profits raise serious concerns, including whether these actions lawfully respect the rights and interests of all Americans."

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