Fannie Mae-No Politics (FNMA)

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Fannie Mae: The Wrong Kind of Panic from Bob Corker
http://www.valuewalk.com/2016/07/fannie-mae-panic-bob-corker/

Once again, it bears repeating that the Housing and Economic Recovery Act of 2008 empowered FHFA, not Congress, to “preserve and conserve” the assets of the GSEs and to take whatever steps were needed to return them to a “sound and solvent” condition so they could resume their traditional marketplace role. No doubt, reforms were and are needed, and Congress and the Administration had an obligation to work together on that. Along the way, however, the Net Worth Sweep was implemented. This empowered Treasury officials and lawmakers who shared a desire to shut down the GSEs to implement ways to hollow out their business.