Fannie Mae-No Politics (FNMA)

[KenKong]

Not sure what HERA says about that.
But if you want to understand HOW HERA is being misinterpreted, then this weekend, read over Mark Calabria’s working paper on the subject at the Cato Institute. Working Paper No. 26 February 9, 2015.
He was one of the writers of HERA. He knows exactly what it was meant to do and exactly what the Congress then wanted in that piece of legislation. He doesn’t really like FnF, he believes in free markets, but realizes the twins are being treated illegally and unconstitutionally wrong. Read it !!!
It’s only 51 pages. It will help you understand how wrong Treasury & the courts are using & interpreting HERA.