Fannie Mae: The WSJ Versus Shareholders?
Do you know how many posts they have run about Lamberth’s recent decision? I get 16 here and probably missed a few. So, its more than a little clear the Journal has morphed from “reporting” to “advocating” in these cases.
On the Oct. 28th the Leadership Conference, who represents over 200 national organizations sent a letter to FHFA Head Mel Watt demanding an end to the “permanent conservatorship” of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s and to allow them to rebuild capital. This is a massive national organization which represents very powerful groups (NAACP, NOW, PTA, ACLU, AFL-CIO etc etc etc) that will get the attention of lawmakers. Do you want to know how the WSJ covered this? Well, as of this writing they haven’t….. maybe they are too busy.