Fannie Mae-No Politics (FNMA)

[bcde]

"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. "

YanksGhost,

HERA is a complete law for FnF regulations with dedicated FHFA regulator. No other agency has any regulatory authority over FnF. BTW this congressinal effort is to create enabling law.

Congress can amend HERA to make FnF SIFI under specific criteria. But Crapo hearing is a "Dog and pony show" to depress FnF pps. More than 80% of the experts will be from lobbyists thinks tanks repeating the same BS populist slogans like,

1. FnF should have Bank like capital (even though FnF are monoline insurance companies).

2. There should be level playing field with competition (even though no one will start a new competition without Gov explicit guarantees. Banks have more flexibility to start any type of financial business including PLMBS).

3. FnF have implicit Guarantees (even though banks have explicit FDIC guarantees and Fed deep Discount loans, Banks engage in fraudulent and risky business).

4. FnF caused 2008 crisis (even though Gov's own commission clears FnF. Banks have paid hundreds of billions in fines and penalties in civil and criminal prosecutions).