Fannie Mae-No Politics (FNMA)

[bcde]

kthomp19,

Few days back, you asked me to repost the Shareholder's Post Card plan.
Here is the sequenced plan.

These are the required steps in logical sequence for successful release and rehabilitation of FnF as private share holder companies.

These steps will end Gov control and FHFA conservatorship control of FnF in compliance with Trump White House Directive.

1. Unwind safely all concrete life preservers that were created to destroy FnF.
Reverse retroactively NWS (3rd amendment). Revert to original SPSPA.

2. FnF are Gov creations for unfunded Gov public policy purposes.
So reasonable dividend rates be used for SPSPA instead of unfair usury 10% rate.

3. UST pay back any excess dividends received and cancel all SPSPA obligations.

4. Let FnF buy back warrants (may be for less than $10B) as per Gov guidelines used for TBTF banks

5. Let Gov(FED) provide temporary credit line to FnF on terms similar to banks until FnF are fully capitalized.

6. Let FHFA, HUD, UST, SEC and Fed implement capital requirements in phased manner that are appropriate for mono line insurance companies.

7. Release FnF from conservatorship.

8. Let lawfully elected BOD, CEO, Management and Shareholders decide on how to meet regulatory capital requirements over a period of time without destabilizing the markets and economy.

9. Up List FnF on regular stock exchanges and FnF start on implementing capitalization plan.

10. Let Congress and Administration settle all the law suits.

11. Let Congress and Administration start fixing housing finance system as and when they find right answers and alternatives in incremental steps. The reforms ideas should be implemented one at a time without destabilizing the markets and economy.

12. Abolish all unconstitutional and undemocratic powers of FHFA/HERA like 4617f and review HERA to provide clarity in interpretations. Let all future conservatorships be managed under the supervision of special courts to minimize political, bureaucratic and ideological over reach and abuse.