Fannie Mae-No Politics (FNMA)

[navycmdr]

" the Third Amendment net worth sweep ...

As Richard Epstein, Eminent Property Rights Expert & Law Professor

at New York University, said at a recent CEI event,

“There’s a breach of every known sense of Fiduciary Duty dating back

to Roman times and consistency followed through in an effort to make

sure that self-dealing by the Government would Wipe Out These

Shareholders.”

The New Amendments to the PSPA effectively End The Net Worth Sweep



until Fannie and Freddie have raised the capital to the specific

levels required under the 2020 regulatory capital framework.

It will likely be difficult for the Biden administration to change

this in the immediate future.