Fannie Mae-No Politics (FNMA)

[mrfence]

HERA challenges every aspect of constitution and the Governance based on principles of democracy. Probably China Comrades modeled HERA/FHFA based on Chinese Gov agencies.

Among the many financial leaders I spoke to that day were my old friends Zhou Xiaochuan, the head of the central bank of China, and Wang Qishan, vice premier in charge of China's financial and economic affairs. It was important to relay what was going on to the Chinese, who owned a vast quantity of U.S. securities, including hundreds of billions of dollars of GSE debt. They had trusted our assurances and held on to this paper at a crucial time in a shaky market. Fortunately, I knew both men well, and we had been able to speak frankly to one another throughout the crisis.

"I always said we'd live up to our obligations," I reminded Wang. "We take them seriously."

"You're doing everything you know how to," Wang said, adding that the Chinese would continue to hold their positions. He congratulated me on our moves but struck a cautious note: "I know you think this may end all of your problems, but it may not be over yet." https://abcnews.go.com/amp/GMA/Books/book-excerpt-brink-henry-paulson-jr/story?id=9713451

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