Seeking Alpha

GSE overhaul looking dead this year

  • The Senate Banking Committee today passed a bill to wind down Fannie Mae (FNMA -2.8%) and Freddie Mac (FMCC -3%), but the vote, 13-9 in favor, looks too narrow to force the full Senate to vote on the legislation. The bill's authors say they'll try and add support in coming weeks, but the chances of something winding up on the President's desk this year look slim.
  • Previously: U-turn on GSE mortgage policy
Comments (3)
  • cdelo8338
    , contributor
    Comments (2) | Send Message
     
    Sen. Toomey made a lot of sense. Taking of control from stockholders without approval is violation of constitution.
    15 May 2014, 12:54 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8957) | Send Message
     
    This is an election year and 2015 is the beginning of the biggest election cycle since 2000.

     

    GSE "reform" is dead PERIOD!
    15 May 2014, 02:55 PM Reply Like
  • KWJakeee
    , contributor
    Comments (11) | Send Message
     
    Congress is going to let the courts decide the fate of Fannie and Freddie and keep sweeping off the profits until the courts tell them to stop.
    15 May 2014, 03:43 PM Reply Like
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