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Frannie investors find a friend in Sen. Toomey

  • "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 (OTCQB:FNMA -30.6%) and Freddie Mac (OTCQB: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 government¹s actions with respect to the GSEs' profits raise serious concerns, including whether these actions lawfully respect the rights and interests of all Americans."
  • Previous: Fannie and Freddie plunge on wind-down proposal.

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