A side comment suggests that Dick Bove is waiting for a new administration to change Treasury policy. Fannie Mae And Freddie Mac
A side comment suggests that Dick Bove is waiting for a new administration to change Treasury policy. Fannie Mae And Freddie Mac The Crapo-Johnson proposal to reform Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) is facing resistance in the Senate, and while it has enough support to get out of committee that’s probably the end of GSE reform until after the mid-term elections. Anyone who is thinking about making an investment will have to wait at least another year before it could start to payoff, either because of changing policy or a big court decision. While he doesn’t say it explicitly, Rafferty Capital Markets VP of equity research Richard X. Bove seems to be holding out for the next president to change Treasury policy (which President Obama could do right now if he wanted). Fannie Mae, Freddie Mac report 1Q losses because of income sweeps Fannie Mae / Federal Na...