Fannie Mae-No Politics (FNMA)

[YanksGhost]

Why is this a good post? The unmistakable truth is that FHFA abided critical under-capitalization for 10 years but, suddenly now, a provision in HERA requires properly defined "core capital" to be present?

The sad reality is that due to 4617(c) in HERA, FHFA can do anything it wants and it is fully legal. I HATE this interpretation of the law, but it is what it is. May as well use it to do something GOOD for a change and free FNMA from solitary confinement.