Fannie Mae-No Politics (FNMA)

[bcde]

"but since we have a Spineless Govt Lackey Director "

navycmdr,

In a way you are right but it may be more complex than what it appears. MC is a insider, so he has to work with white house and others.

But what does not make sense is, if SM is busy with other things and if UST does not have GSE expertise then why involve SM and UST. UST is just a investor or creditor and FHFA can very well protect tax payer interests.

FHFA and HUD should be leading all the GSE related efforts. It is wrong to involve SM and UST because of past hostile attitude of UST bankers and inherent conflict of interest...