Fannie Mae-No Politics (FNMA)

[bcde]

"I do have to smile at the 100 excuses for 38 months of inaction by DJT
(who not only could do what is right but hurt BO at same time but very simply has not done so - period. Those who think DJT is on our side please explain)
"

HERA is explicitly against wind down of FnF and mandates preserving private corporate status of FnF. But anyway Obama administration did not care about such laws.

DJT administration ended lawless wind down FnF policy of Obama. Probably SM was complacent or had other motives for not doing enough to end conservatorship. That is why White House finally issued Policy executive order replacing SM from driver seat.

Another thing to remember is, Obama administration robbed FnF of all its capital for its welfare programs and this lack capital is delaying the release of FnF from conservatorship.

One needs time to undo all irreparable damage Obama administration did to FnF in their efforts to wind down FnF. Besides It will take up long time to get rid of influence of revolving door wall street bureaucrats and financial media.

BTW Calabria seems to be no big fan of FnF. Even though White House policy directive is very clear about ending Conservatorship, FHFA is slow walking the whole process with its usual top secret agenda. Probably top intelligence agencies are more open and transparent than FHFA. Calabria has never explained the reasons for continuing the conservatorship when the white house policy directive is to end conservatorship ASAP.