Fannie Mae-No Politics (FNMA)

[bcde]

"Well why did Congress create a single director, fireable for cause only under HERA, do you know?"

It is simple to understand except that Hank and Co fooled all saying one thing then doing sinister things.

FHFA is modeled exactly same as FDIC, with almost similar laws except that HERA is for GSEs. The working of FDIC is very well understood in terms of conservatorship and receivership. So all thought it is a good thing.

But Judge Lambert and FHFA made it totally different than FDIC with their weird interpretations HERA.