If At First You Don’t Succeed….

As noted in our in-depth analysis of Acting FHFA Director Thompson’s confirmation hearing, it’s clear that Democrats and Republicans are thinking hard about resurrecting statutory changes to the GSEs’ charters.  They are, though, about as far apart as usual on the constructs they prefer, making the extent to which an already stressed and fractious Senate could turn to the hard bargaining needed to end the GSES’ conservatorships before FHFA is good and ready.