Fannie Mae (FNMA)

[955]

Notice background David H. Stevens, current MBA President. Can this really be good for us? Does anyone really believe he has changed his tune regarding the gifting of F&F to TBTF and F&F shareholder well being? A disaster waiting to happen. If we have learned anything at all from this saga, it is that the powers that be will manipulate words to their advantage and our detriment. Do your DD folks!

GekeVenn: WELLS FARGO -- [the revolving door of regulatory capture]steemCreated with Sketch.
geke (63) in corporatism • last year

In light of the account fraud at Wells Fargo, we put together a venn diagram showing the overlap between Wells Fargo, specifically, and the federal government agencies that regulate the banking industry.

The Consumer Financial Protection Bureau (CFPB) is a government agency that was created in response to the 2008 financial crisis, presumably to protect consumers from the corrupt and/or illegal behavior of large banks. This agency now drafts much banking regulation, and is just another agency targeted by the big banks like Wells Fargo for regulatory capture, as the hiring of Applegate and Carroll clearly illustrates.

Wells Fargo CEO John Stumpf isn't included on this venn because, although Stumpf was a representative to the Federal Reserve's advisory council (until he recently resigned), the Federal Reserve is a private corporation, not a government entity.

https://steemit.com/corporatism/@geke/gekevenn-wells-fargo-the-revolving-door-of-regulatory-capture

The Mortgage Bankers Association embraced the outline.

“MBA is grateful for the well-informed input provided by the Director and hope that it contributes to momentum for congressional action on reform," said MBA head lobbyist, Bill Kilmer.


How is this good for us the shareholders?

What if watt was suggesting that preserve the companies but reincoroporate as in eliminate the shareholders?