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"It will force them to reconsider the size and not necessarily the timing of any tapering," said Millan Mulraine, senior economist at TD Securities in New York. "My view is tapering is essentially baked into the cake."
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lexaryn does it work With the House Financial Services Committee’s recent vote for legislation that would gradually eliminate the government-sponsored mortgage lenders Fannie Mae and Freddie Mac, it’s possible to envision a national debate about the future of housing finance. President Obama finally joined that debate on Aug. 6, when he suggested to an audience in Phoenix that Fannie and Freddie should be replaced with a greater role for private lending. Unfortunately, the president’s plan, which retains a role for the government as ultimate guarantor of the housing-finance system, is faux reform.
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