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Response to leftstreet (Reply #6)

Tue Aug 13, 2013, 05:37 PM

45. Nothing detailed.

He wants to shift mortgage lending entirely to the private sector to avoid government risk exposure. Then again, right now the rules are that the feds will make a lot of money from the Fannies and those holding Fanny stock will be given annual financial crewcuts. This wasn't part of the original deal for the Fannies' bailout; it was unilaterally imposed later.


Nothing he can actually do by himself. Congress would have to be involved. First.


Nothing that's very likely to happen. I'm not sure Congress really cares, unless it's just to make Obama happy. Some Senators might go for it. They might even see a reason for it. Otherwise it'll be a kind of cudgel used, if possible, to score political points.

Meh. It's textured soy protein for the faithful. Doesn't even rise to the level of white meat, much less red meat.

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