Fannie Mae and Freddie Mac shares remained volatile Monday as a bipartisan Senate Banking Committee bill to wind down the mortgage giants was unveiled over the weekend.
Legislation expected soon that would wind down Fannie Mae and Freddie Mac is running into resistance from both the left and the right before it has even been completed.
Elected officials are finally speaking publicly about the fight between Fannie Mae and Freddie Mac shareholders and the Obama Administration, though what they are saying for the most part is this: leave it to the courts.
Fannie Mae and Freddie Mac shareholders found a friend in the Senate last week, though the efforts of Pennsylvania Republican Pat Toomey to pass himself off as a defender of regular folks as opposed to wealthy hedge funds could use a bit of work.
Fannie Mae and Freddie Mac shares rose and then plunged sharply following an announced deal to end the government sponsored entities from Senate Banking Committee leaders.
California Democrats voted Sunday to make legalization of marijuana an official part of their platform.
Many Mexicans weren't surprised when Mexican drug kingpin Nazario Moreno Gonzalez, also know as "El Chayo," was reported killed Sunday in a shootout with Mexican authorities.
Ralph Nader's fight against the U.S. government over Fannie Mae and Freddie Mac has been a godsend to big investors like Perry Capital and Fairholme Funds, which have made a killing investing in the government sponsored enterprises.
The Obama Administration is unlikely to try and settle shareholder lawsuits over Fannie Mae and Freddie Mac, notwithstanding the potential for continued embarrassing revelations that could inflict political damage on the President, argues Ralph Nader.
Ralph Nader elaborates on his fight with the U.S. government on behalf of shareholders in Fannie Mae and Freddie Mac.