- “The only way to responsibly end the conservatorship is through legislation,” said Treasury's Michael Stegman recently, dashing hopes the President might do for Fannie Mae (OTCQB:FNMA -2.2%) and Freddie Mac (OTCQB:FMCC -2.1%) what he recently did for immigration (i.e. end a legislative stalemate by making an executive order).
- These weren't off-the-cuff remarks, notes John Carney, but a prepared speech published on the Treasury website.
- Still, says Carney, bulls on the GSEs continue to pine for a "quick fix" to end the conservatorships and maybe give some real value to their common stock. "Simple or not, it isn't a play the Obama administration is set to call."
Carney: No quick end to GSE conservatorship
Recommended For You
About FNMA Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
FNMA | - | - |
Federal National Mortgage Association |