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Congressional GSE Reform Is Dead In 2014

Seeking Alpha

April , 2014, by David Sims

The good news for Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) shareholders arrived this morning; the Johnson-Crapo Bill would not be marked up and not go through the process of counting votes for or against. This was the last opportunity to get the bill out of the Senate Banking Committee in 2014, before the election cycle begins.

This means that there is no meaningful legislation that will be passed in the next few months out of either the House or Senate. The most pertinent news driving the stocks will be each company’s earnings and the outcome of discovery in several of the lawsuits against the government, filed by shareholders.

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