Fannie Mae-No Politics (FNMA)

[Wise Man]

Once again you state something untrue to make your point contending that the bailout of FnF and AIG are the same.

At such time in 2008, no operative regulatory authority existed under the Charter Act, only HERA.

So, in 2008, all of a sudden the Charter is invalid. Wow!
Anyway, all the provisions that I mentioned, where the relationship between the Treasury and FnF is set forth, were INCORPORATED by HERA into their Charters:
-AUTHORITY OF TREASURY TO PURCHASE OBLIGATIONS
-EMERGENCY DETERMINATION REQUIRED TO: protect the taxpayer, to promote stability in the markets,...
-LIMIT IN THIS TEMPORARY AUTHORITY: DECEMBER 2009
Etc.
Because 2008 HERA isn't a law in itself. It's a law that only amends the two laws currently in force, the 1992 FHEFSSA and the Charters.
So, stating that FnF are regulated by HERA and not the Charter is a bizarre statement.

BOTH BAILOUTS CAN'T BE COMPARED.