Fannie Mae-No Politics (FNMA)

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U.S. taxpayers rescued the companies from failure in 2008 with a $191 billion bailout.

More lies. Fannie alone had $30+ BILLION cash in the bank at time of seizure. 'Bailout' was FORCED on them under threats of Soviet style takeover by Hank Paulson, former CEO Goldman Sachs. Accounting statements fraudulently manipulated by FHFA to make it appear F&F were in need of a bailout.

The three-card Monte accounting of Fannie, Freddie conservatorship
https://www.housingwire.com/articles/34280-the-three-card-monte-accounting-of-fannie-freddie-conservatorship/

Even so, Calabria’s skeptics worry that the lessons of the crash will be forgotten in a rush to reprivatize. “I’ve still got a lot of concerns,” says Senator Mark Warner, a Democrat from Virginia who’s been part of several failed efforts to get Congress to pass a housing reform bill. “At the talking stage, I’ve found he’s got a lot more openness to some of our ideas. But I want to make sure that whatever reform takes place doesn’t end up with the same duopoly with no constraints that got us into this crisis in the first place.”

Then put a stop to the Affordable Housing Goal madness which promoted loans of unacceptable risk, then FORCED F&F to buy them through MANDATED quotas. YOU Mark Warner and your socialist comrades ARE the problem, NOT the solution.

Calabria has several big tasks ahead. One is writing a rule dictating how much capital Fannie and Freddie will need to avoid ever needing another bailout. As recently as 2017, there was still a risk the U.S. Department of the Treasury would have to shoulder the companies’ quarterly losses.

The only capital F&F need is the RETURN of STOLEN capital by your CRIMINAL buddies over at Treasury. 'Bailout' farce was NEVER required. The biggest risk of future quarterly losses lies solely with the scamming and kniving thieves over at Treasury. Fix that and the economy will soon be humming along on all cylinders again.

If Fannie and Freddie have to retain more capital, they might have to buy fewer loans or back away from riskier ones, which could raise mortgage rates or make types of some loans less available.

Return the capital that was STOLEN...........problem solved. Riskier loans like the ones dictated by Affordable Housing Goals, make types of riskier loans less available............YES, DO IT, THIS IS NOT ROCKET SCIENCE! A little less time spent on plotting how to weasel out of this conundrum and a little more ethical, common sense action goes a long ways toward prompt resolution. Academic brain power NOT required.

Calabria has consistently said that shareholders should have been wiped out when the companies were bailed out in 2008.

'Bailout' was a farce. The only thing that needs wiping out are the criminal thieves at Treasury who enacted the FRAUDULENT HEIST in the first instance. Shareholders and THEIR companies SAVED the planet from financial Armageddon.

There are lots of things that could throw Calabria’s plan off track—for starters, Trump not getting reelected. Democrats have generally been leery of taking the duo out of conservatorship, worrying that as private companies they wouldn’t be able to ensure housing affordability.

DEMS want housing affordability for the very risky, the root cause of the '08 crisis. The above statement demonstrates they continue to want this, paving the way for housing crisis 2.0. Hard evidence of plotting a take-down of the economy to make Americans more dependent on them and their socialist, free handouts. Just look at what that got the people of Venezuela.

“There’s a reason why it has taken so long to fix Fannie and Freddie.”

Treasury/FHFA scheming to cover up the criminal activities of the past is much more time consuming than actual restoration of a sound and solvent mortgage finance process.