Fannie Mae-No Politics (FNMA)

[bcde]

"“The entire housing system is at risk because Fannie and Freddie currently
do not have the capital to withstand a serious downturn in the housing market, he said. And as we learned in 2008, when the enterprises fail, they are unable to fulfill their mission and role as a countercyclical support to the market in times of stress.”

Calabria keeps on talking about how much capital FnF need. But if Gov keeps on stealing FnF capital, then no amount of capital is enough.

Calabria needs to explain about what happened to more than $90B capital FnF had at the time of conservatorship.