Tuesday, November 18, 2014

New leaders in Senate Banking committee

http://freebeacon.com/issues/despite-midterms-republicans-stymied-on-fannie-and-freddie/

New leaders in Senate Banking committee:

Sen. Richard Shelby (R., Ala.) is poised tobecome chairman of the Senate Banking, Housing, and Urban Affairs Committee 
Shelby opposed the Senate housing bill earlier this year because he thought it still preserved too much government interference in the market. Sen. Sherrod Brown (D., Ohio), who will be the ranking Democrat on the committee, voted against it for the opposite reason—that it did not do enough to promote affordable housing.

Any legislation that winds down Fannie and Freddie could stall on the Senate floor, or face a veto from President Barack Obama, experts said on Thursday at the American Enterprise Institute (AEI).
A previous Senate bill that aimed to gradually remove Fannie and Freddie from the mortgage market failed to receive a floor vote this year. Critics said it would have made the system less stable by empowering a few large bank lenders and again leaving taxpayers on the hook if the mortgages default.

No chance of corker warner crapo johnson. DOA bill. NEXT...... 

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