Fannie Mae-No Politics (FNMA)

[camaro4me]

I attended the last hearing with Sweeney, gov't, plaintiffs. It's open to the public. Sweeney was not appreciative of anything gov't said, but listened carefully to plaintiffs. They said they would give her a roadmap out of cship. Why wouldn't their roadmap include gov't paying back overpayments?

"Oh wait. With the govt returning the stolen money, just get rid of the Cship and the fhfa altogether."

1) Do you know something the rest of us don't? The Government is NOT returning any of the NWs or overpayments. It's been 8 years since they began the NWS and 12 years since C-Ship. What more do you need to realize they act with impunity.

2) Getting rid of C-Ship is not as complicated as they are making it sound, and Calabria or whomever is the Director could do so without Congressional involvement. Frankly, if Mnuchin just said the Treasury is no longer taking the NWS the C-Ship would go away quietly. He never did, and in only "modified" the terms while leaving the NWS in place. That much harder o justify NOT having a Conservator when you are forfeiting 100% of your profits after a financial threshold achieved.

3) Despite being a self-dealing arm of the Government, and as much as I agree the FHFA deserves to be dismantled, it never will be. It should have been dismantled before it ever started.