it's an OBAMANATION that a 2-term president can't have his nominee to the FHFA - we still got a Bush Appointee in the most important financial position in the land - a little deference S e n a t o r s - please! if we do obama can leave a legacy - i hope he's calling mel from europe to make sure
If Watts get confirmed I will back up the truck and add to my positions in F&F.
The Prez nominated Watts because he would love to reform and relaunch the GSE's.
And you can't blame him for operating in U.S, Taxpayers' best interest.
There is a potential: $250 and $350 Billion win fall that goes directly to deficit reduction, if FNMA & FMCC are spun off to the private sector.
Folks are erroneously attributing the Sequester as the sole reason for the record decline in the budget deficit: from $1.4 Trillion to $600 Billion; however, the real reason for the decline is the HUGE contribution from -- the cash cows -- Fannie and Freddie.
You just have to strip away the politics to get to real substance.
At the end of the day, it shouldn't mater who gets credit, as long as the American People wins, and the U.S. Economy is less burdened, and headed in the right direction, eh.
Probably a bump as Watt is viewed as "pro" FnF. His confirmation, in and of itself, does nothing the change the inherent value of FNMA, but to the extent that he is viewed as not part of the past regime and may push for the release from conservatorship, would be seen as positive by the market.