see the words I have capitalized.. YOU CANNOT READ IS WHAT I AM SAYING.
This could be I believe a good victory either in the lame duck session or more realistically perhaps in the next term of Congress where there is bipartisan support for housing finance reform, for doing away with Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) as we have known them.
THIS COULD BE I BELIEVE A GOOD VICTORY IN THE NEXT TERM OF CONGRESS WHERE THERE IS BIPARTISAN SUPPORT FOR HOUSING FINANCE REFORM, FOR DOING AWAY WITH FANNIE MAE AND FREDDIE MAC AS WE HAVE KNOWN THEM.
TRANSLATION:
WE HAVE KNOWN THAT THE CURRENT STATUS QUO OF FANNIE AND FREDDIE IN CONSERVATORSHIP IS BAD AND WE WILL END CONSERVATORSHIP. WE WILL RELEASE THEM AND THEY WILL NO LONGER NEED THE EXPLICIT GOVERNMENT BACKSTOP OFFERED BY CONSERVATORSHIP. THE CONSERVATORSHIP WILL BE ENDED. PRIVATECAPITAL WILL REPLACE PUBLIC CAPITAL, OBVIOUSLY FROM EARNINGS.
ARE YOU BLIND?
YES. RELEASED BACK INTO THE WILD BY WAY OF RETURNING THEM TO PRIVATE SHAREHOLDERS. THAT IS THE ONLY WAY. YOU CANNOT ACT LIKE THEY WILL BE ENDED. THEY WILL NOT BE. THE CONSERVATORSHIP IS WHAT WILL BE ENDED. FROM THERE, WHO OWNS THE PRIVATE COMPANIES THAT MAKE $20B/YEAR AFTER PAYING TAXES? CAN IT BE ANYONE ELSE BESIDES PRIVATE SHAREHOLDERS WHO OWN THE COMPANIES RIGHT NOW?
HA!
THIS IS GLORIOUS. I AM HOLDING THE SHIFT KEY INSTEAD OF HITTING CAPS.