Just a "lip service"... Typical Politician..
They are all vamps... Why do you think these crooks get into "Politics" ? Leeches!
No chance since the crooks are all on the payroll of the WS banksters and Hedge Funds that are [Naked] short on the two GSEs...
Sen. Crooker must have investments in the Hedge Funds that are SHORT on FnFs...
There won't be any justice for the common folks on the main street..
Working for the 1%... Looting the shareholders investments to transfer wealth to the elite ruling class...
He tried to expose the Vamps of WS - the TBTF Bankesters - in some of his columns in RollingStone
The crooks politicians are all on the payroll of the TBTF Wall Street Banksters...
The Treasury Secretary HP was one of the chief architects of the Orchestrated Wealth transfer aka WEALTH LOOT from the 2007-2008 Financial "CRISIS"..
Where are the Orange Jump Suites?
Too-big-to-fail banks are leading a charge to replace the mortgage giants...
WASHINGTON (MarketWatch) — It’s a housing industry chestnut: Fannie Mae and Freddie Mac will languish forever in “conservatorship,” the nebulous state they entered as the housing bubble burst in 2008, because no one in Washington has the gumption to make hard policy decisions to change the mortgage giants.
Not so fast, argues a recent investigation by the New York Times.
Big banks are trying to replace Fannie FNMA, +1.21% and Freddie FMCC, +0.49% with entities that look similar, but are made up by the same too-big-to-fail banks that helped contribute to the financial crisis.
That’s problematic for several reasons: it could limit credit availability and drive up the cost of home loans, especially if smaller lenders can’t compete. It would take away the market smoothing function that government-sponsored entities offer if private capital markets get spooked in a downturn. And it could also mean taxpayers are once again on the hook for bailing out big banks in another downturn.
The Times documents what it calls a “revolving door between Washington and Wall Street,” centered on several influential industry specialists who’ve moved between industry groups, banks, and government.
It’s worth noting that it’s not just big banks that want to get Fannie and Freddie out of limbo. Affordable-housing advocates have also pressed for action to ensure the GSEs will have a permanent, healthier role in the market.
Still, there’s a lot of inertia blocking any substantial changes to Fannie and Freddie. Community banks have a loud voice on Capitol Hill, and some lawmakers want to be sure low-income borrowers have options that are best offered by government-sponsored entities.
More from MarketWatch
SEC should have an "Open" investigation on Croker's [Naked Short] portfolio of the two GSEs... Why he is advocating the public to short the FnFs? Is he a stock picker? His job is to serve his constituents... Not to advocate the investing public to Short two companies ranked 13th in the Fortune 500 list, UNLESS he has taken some short positions in his account and wants to see the companies destroyed...
HP, Congressmen from both aisles, Senators, Bigwigs from WS (Goldman, JPM, BAC etc..) who are hooting for the demise of the FnFs .
Longs can kiss good -bye to their $$ in FnFs... The hyenas of WS won't even let you have even the carcasses of FnFs ... Watch Out!
Mark these words!