The courts, which should DO SOMETHING NEXT YEAR, are the best bet. For some reason, the republicans want to close FNMA. They believe BANKS, BANKS of all things...will take on 30 year notes! WTH?????
-The recent budget bill contains a provision that prevents the Treasury from selling off its senior preferred stock before 2018.
-This means Treasury action would require congressional approval if done before 2018.
-Investors should still look for a solution to come from the judiciary branch.
"The world is a dangerous place to live�not because of the people who are evil, but because of the people who don't do anything about it." �Albert Einstein
| 
