Fannie Mae (FNMA)

[bcde]

" In other words, the inaction of the legislature over the years is due to their confusion and conflict about what to do. "

Obi,

Thanks, In some way this is true.

This means that lawmakers and administration do not see any better alternatives than the FnF working mode. It is easy for Congress and Administration to settle for incremental reforms.

Even after 11 years of vicious conservatorship and many decades of lobbying, Financial establishment has failed to convince the Congress to cancel GSE charters and provide explicit Gov guarantees to PLMBS.