Tuesday, January 17, 2012

Payroll tax law may starve, reform Fannie, Freddie:

Marketwatch reports:
When Congress signed a deal in the waning days of 2011 to extend the payroll tax cut by two months, they paid for it by increasing and diverting fees charged by Fannie Mae and Freddie Mac to guarantee mortgages.

That may not be an accident, as the move could starve the two government-seized housing giants and boost languishing legislation designed to reform or dismantle them, analysts and Congressional staffers say.
The plot to get rid of the Fannie and Freddie.