Fannie Mae Fix Fades as Senate Democrats Split on Plans
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Chances that Congress will move this year to wind down or transform Fannie Mae and Freddie Mac are dimming as lawmakers confront a split among Senate Democrats and a change at the regulator of the mortgage finance companies.
A delay would mean Paulson & Co., Fairholme Capital Management LLC and others who have been acquiring stock in the government-owned companies may have to wait a year or more to learn whether Congress will preserve some value for private shareholders or wipe out their holdings.