Fannie Mae-No Politics (FNMA)

[bcde]

"Federal Housing Finance Agency Director Mark Calabria welcomed this action by FSOC, noting that “as demonstrated by the 2008 financial crisis and again by COVID-19, Fannie Mae and Freddie Mac must be well capitalized in order to support the mortgage market during a stressed environment.”"

Calabria is a unabashed hypocrite. Before becoming Director decried lawless conservatorship and NWS robbery. Now even after more than 1.5 years Calabria has done nothing to stop NWS and with his nonstop loose talk he has made it impossible for FnF to raise any capital.

In last 12 years FHFA conservators have robbed FnF to bankrupt them. If FHFA returns the robbed capital then FnF will be capitalized instantly.

Unless SCOTUS prohibits FHFA conservators robbing FnF and also orders FHFA to return the robbed capital along with interest, there is no path for FnF to recapitalize