"The debate in Washington about regulation is of concern to the equity investor, not the bondholders. The MBS investor is not really concerned about regulation."

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"The debate in Washington about regulation is of concern to the equity investor, not the bondholders. The MBS investor is not really concerned about regulation."

--Art Frank, director and head of mortgage-backed securities research at Nomura Securities International, referring to the debate on setting up an independent regulatory authority to oversee Fannie Mae and Freddie Mac.

"The debate in Washington about regulation is of concern to the equity investor, not the bondholders. The MBS investor is not really concerned about regulation."  --Art Frank, director and head of mortgage-backed securities research at Nomura Securities International, referring to the debate on setting up an independent regulatory authority to oversee Fannie Mae and Freddie Mac.

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