Fannie Mae-No Politics (FNMA)

[bcde]

"Aside from taking pictures of his cat, he has done about 5 minutes worth of work. He signed a document allowing them to keep some money, not all. These are his accomplishments of conserving them. Another words he spends more time with his cat then actually doing anything other than hiring a consultant, and making public appearances. He has also spent more time bashing shareholders than releasing what does not belong to him.
"

The billion dollar question is, is this Cat man any better than the petty thieves that preceded him. Cat mam gave all the big legalistic talk before becoming FHFA Director. Now as a FHFA Director, he has done nothing in more than one year but continue to steal from conservatees.

So far FHFA has proven to be a useless regulator.

If Gov wants to preserve 30 year fixed loan and FnF then the good option is to move FHFA back under HUD.

If Gov wants to wind down FnF and get rid of 30 year fixed loans, then the good option is to move FHFA under UST.

But the best option is to abolish FHFA and let regular state and federal regulators regulate FnF as any private insurance companies in either of the cases.