Fannie Mae-No Politics (FNMA)

[rekcusdo]

"Logically speaking, if Obama wasn't misled and was behind this, why hasn't he released/ settled F and F by now in order protect his legacy?"

Two things to consider here:

1. Congress is behind Obama's take over of the GSEs at large. They passed HERA and have not even suggested any legislature to amend it to override any of FHFA or Obama's actions. There is little reason to move when Congress supports (at least implicitly) the actions you are taking.

2. Obama does not have the power to release the GSEs. Under HERA, he can't even SUGGEST that the FHFA release the GSEs. I find it ironic that people are so concerned with Obama's involvement in taking the GSEs and yet are willing to completely ignore the rules, suggesting that Obama should be involved in releasing them. It's a two way street.