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TimelessInvestor-
Mel Watt testified at a hearing on housing finance policy; Mnuchin will testify on May 18 on GSE
Mel Watt testified at a hearing on housing finance policy. He reiterated his concerns over long-term conservatorship of Fannie Mae and Freddie Mac and stressed that it is Congress’ job to chart a path out of it, and urged lawmakers to act expeditiously on such legislation.
detailed testimonies from CSPAN. It is quite possible that FNMA is going to be re-capitalized soon.
In addition, Mnuchin will testify at a Senate Banking Committee hearing on Thursday 05/18. I need to pay special attention on Thursday.
About Timeless Investor
My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.