Fannie Mae (FNMA)

[jog49]

There is a on-going, illegal nationalization of two major U.S. corporations that has now crossed from one administration to the next without any noticeable effort to resolve the issues. Perhaps the Trump administration's plate is full with all the negative, outside forces being exerted on every action they attempt but I am sure it is aware of our plight. If they fail to act, then they are guilty of complicity.
I don't think it's Trump, per se, because he's known to be a delegator of authority but rather the dunce he's put into the Treasury position. Watt should have been long gone but his assumption of FHFA director in 2013 has allowed him to draw a good paycheck and, at the same time, do no discernable work in that position. He is the appointed conservator of Fannie Mae and Freddie Mac. Allowing their capital buffers to be depleted is reason enough to charge Watt with fiduciary failure and run him out of town.