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Thursday, May 11, 2017 10:12:32 AM
Director Watt will fulfill his duties and reject the NWS in June (my interpretation of his comments below):
"It would, therefore, be a serious misconception for members of this Committee, or for anyone else, to consider any actions FHFA may take as conservator to avoid additional draws of taxpayer support either as interference with the prerogatives of Congress, as an effort to influence the outcome of housing finance reform, or as a step toward recap and release. FHFA's actions would be taken solely to avoid a draw during conservatorship."
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