Fannie Mae-No Politics (FNMA)

[tcj]

Section 1145 (a) of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to read: “AGENCY NOT SUBJECT TO ANY OTHER FEDERAL AGENCY. —When acting as conservator or receiver, the Agency shall not be subject to the direction or supervision of any other agency of the United States or any State in the exercise of the rights, powers, and privileges of the Agency.” HERA does not prohibit Treasury from telling FHFA what to do, but it does prohibit FHFA from doing it.

As Berk said, let's just see the documents and we can see whose right.