You're watching...  FHFA: No Principal Reductions on Fannie,
Freddie Loans    North Jersey Community Bank CEO Frank
Sorrentino and Meister Seelig & Fein’s Steven Meister on the
FHFA decision to not allow principal reductio...      This
transcript is automatically generated  Are you gotta love this
evidently our government what's good for the -- is not good for
the gander.  They don't believe in aren't the government
requires private lenders to reduce loan balances its struggling
homeowners but that Federal Housing Finance Agency -- the FH
FAA.  Is now for -- government backed mortgage giants Fannie Mae
and Freddie Mac.  Of doing the very same thing joining me for
more on this one is real state attorney Stephen Meister and CEO
of north Jersey community bank ranks soaring -- Thanks to both
of you for coming in to help us sort this -- out.  This to me is
just amazing I mean after.  The government force this medicine
down the throats of banks of Bank of America JPMorgan saying you
must reduce the principal.  Thes