interested party: Johnson calls for end to Fannie, Freddie conservatorship

11/22/14

Johnson calls for end to Fannie, Freddie conservatorship

Senator Tim Johnson addresses the South Dakota Democratic Convention

Federal Housing Finance Agency Director Melvin Watt said during a hearing of the Senate Banking Committee on Wednesday that overhauling the housing-finance system should be left to Congress. Mr. Watt’s comments came after Sen. Tim Johnson (D., S.D.) in his opening remarks called on him to “engage with the Treasury Department in talks to end the conservatorship” of Fannie and Freddie if Congress doesn’t proceed. Mr. Johnson, who chairs the banking committee, sponsored legislation that would overhaul the housing-finance system. That bipartisan bill passed the committee in May but garnered only limited support and didn’t proceed to the Senate floor. Sen. Johnson’s comments come as the likelihood of Congress tackling housing-finance reform dwindles, despite calls from the Obama administration and others for Congress to act. [Wall Street Journal]

Denise Ross has a look at Senator Johnson's legacy posted at the Mitchell Daily Republic: subscription required.

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Wild Horses of Red Rock

After consulting with the Horse Shelter and an equine veterinarian Donnamarie and Larry have decided that the best way to protect ten free-roaming horses is to keep them in their care. Forage is scarce and the only water available is from wells on their property so the four mares that will foal very soon will be safe, well cared for and as wild as possible. About fifteen acres is fenced with horse-safe wire but the gate is always open so the herd can come and go as they please. The couple has been buying hay and so far that is working but the three stallions need to be gelded and that is expensive so we're asking you to pony up to help defray the cost.