Thank you Congress! Maybe!

The negotiators in the Senate and the House of Representatives seem to have compromised on a bill that will rescue Fannie Mae and Freddie Mac.  This is a good situation.  One thing that is included in ths bill, for which I think is great and long over due, is the requirement that the new Overseer of the Government Sponsored Entities (GSE) will have to keep the compensation packages for the executives of Fannie and Freddie in line. That is good. Now let's just hope that whoever this overseer is and who appoints them will make sure they do their job and that they follow proper procedures.  This is a good thing (if the President signs the bill) that will help the economy start to heal.