Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

Crapo is helping the administration here, returning the favor for the administration supporting the legislative plan that he released a few months ago.

The panel will likely discuss the benefits of SIFI status, which will help the administration when it comes to selling administrative reform when legislation fails.

I expect the sentiment to be: legislation is preferred by everyone, but in addition to the powers that HERA gave FHFA, Dodd-Frank also gives powers to FSOC, both of which combined could lead to administrative reform that is meaningful and sustainable without legislation.

I don't think anyone in Congress has the appetite to pursue GSE reform now that Corker and Hensarling are gone. That there's been no Jumpstart bill makes that clear to me. It's all talk.

Any board opinions on the Senate Banking Committee motives for meeting on SIFI designation for the GSEs? The process for SIFI designation is fully established in Federal Codes as enacted under Dodd-Frank.

The FSOC chaired by Mnuchin holds the cards on designations for consideration. Why is the Senate stepping into this turf?

I have concerns about this hearing becoming a stalking horse for blocking FHFA from an administrative reform to await Congressional action which could well be led by TBTF bank agendas and the long-desired repeal of Dodd-Frank.