Fannie Mae-No Politics (FNMA)

[Wise Man]

Calabria lied in an official document that will be pubished in the Federal Register in less than one month, so this is a big deal and a reason to fire him "for cause".
He claimed that the risk weight floor of 15%, had an impact of 0.5% of the single-family UPB, that is $25 billion, on the capital requirement, and I've proven that, although the floor might have had an impact, the bulk is due to having increased the minimum rate on the risk-weighted assets from 6% to 8%, something that he conceals in the report.