Fannie Mae (FNMA)

[DCBill]

FireMechanic--

But he wants to be a "Washington playah" and leverage his time in office to secure when his service ends one fo those huge paying banking industry positions.

Let's see, how many different dates has he suggested for publication of the capital rules (currently 10 plus years in the waiting); how many ideas about curtailing GSEs products or procedures and suggesting bank-like capital rules; how much F&F revenue has he wasted with hires who can't perform the simple actions needed by a regulatory agency, yet still ask Congress for greater power?

He now is bringing in consultants to help create the capital rules and a legal team to support him.

By the time he decides he's finished, only termites* will have done more damage to housing than Mark Calabria.

(*Not original and I can't take exclusive credit for it; heard on the Hill from the guy who wrote the line for a member of the House Banking Committee, railing at some federal financial office.)