Fannie Mae-No Politics (FNMA)

[Dallas66]

I think what is most important in this move is that Watt has now contradicted his past stance regarding who makes the decisions for the GSE's and who is in charge. He has made it clear in the past that Treas. called the shots...or the WH...or Congress....anyone but FHFA. This shows he is fully aware of, and has exercised his position of power over the GSE's as the conservator.

I think this is added fuel for the lawsuits to show the GSE's are in a sound and stable condition, and are fully capable of returning to their private company status and be released from conservatoship. Who gives a 550% plus pay raise to a failing or struggling companies' CEO.

This also throws it in the face of Treas., the WH, and Congress as this means FHFA has willfully decided to send them less money...peanuts in comparison to what they deliver in the sweeps...but it's the principle of the act that I think adds to the support of freeing the GSE's....and adds a bit more for the lawsuits to toss on the ever growing pile of reasons to have them released back to the shareholders and terminate the sweep.