Fannie Mae-No Politics (FNMA)

[bcde]

"I can see it now the...New Capital Rule not complete in
May...why ? I need more time to work out the details
or some other ridiculous reason why the job did not
get done."

Yes, Calabria is not doing his job correctly.

There is no perfect capital rule. He can start with range and then narrow it down or fine tune it.

If FHFA can not come up with capital rules even after 12 years that too for 70 year old companies, then it speaks of quality people at FHFA.

Best option is to move FHFA under HUD control. Independent FHFA Director position is too weak to handle the housing finance regulatory job.

Since UST Secretary regulates mainly banking, he is inherently biased in favor banking industry and this is clearly visible in last many decades.

The best option is, FHFA be moved under the control of HUD Secretary.