Congress gets back into the Fannie-Freddie reform game with Crapo plan

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The chairman of the Senate Banking Committee shook up what most Washington housing observers had thought might be a straightforward path to getting the mortgage giants out of limbo after over a decade.

 

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Senate housing finance reform outline would privatize Fannie, FreddieU.S. Senate Banking Committee Chairman Mike Crapo released an outline to overhau... The Senate should hand Fannie, and Freddie to Standard Chartered. ;) Well that’s a terrible idea.
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Popular Hedge Fund Bet on Fannie and Freddie Is Paying Off Big This YearSome of Wall Street’s biggest investors are sitting on a paper windfall this year as the government ratchets up a debate over the future of mortgage-finance giants Fannie Mae and Freddie Mac. Yeah, what a surprise. Yes, unload these awful burdens already. Fuck Freddie and Fannie. I would fight them in a steel cage match if they were alive and well
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Trump Won’t Act Alone to Get Fannie, Freddie Out of Government ControlThe Trump administration plans to work with Congress to overhaul mortgage-finance giants Fannie Mae and Freddie Mac, a White House spokeswoman said Tuesday—playing down the idea the administration will seek to unilaterally release the firms from government control. We need to deal with that mess before it blows up in our face. Thats another time bomb gift from democrats to millenials. 'Joseph Otting told employees last week that the admin would not wait on Congress, where attempts to overhaul the housing finance system have repeatedly faltered, according to a recording of his remarks obtained by POLITICO.' Who's right? Who's wrong? Does anyone know anything? The problem is, when Trump and his cohorts say 'overhaul' or 'reform', they usually mean 'destroy'.
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Senate housing finance reform outline would privatize Fannie, FreddieU.S. Senate Banking Committee Chairman Mike Crapo released an outline to overhau... The Senate should hand Fannie, and Freddie to Standard Chartered. ;) Well that’s a terrible idea.
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