Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

According to Craig, Mel Watt would have been amicable to ending the sweep, SM defended the validity of the Government's "investment" in the gses and the validity of the sweep to the very end and in Collins at the SCOTUS. I think near the beginning of the DJT Administration their team must have decided that the status quo was okay (since the sweep was inheireted from the previous adminstration) and to reward the "evil hedge fund guys/evil banksters" by ending the sweep was bad political optics and/or might give his critics more ammunition that he is just helping out the rich guys.

SM was a loyal soldier of the POTUS to the end, so he was just doing what he was told, but SM should have recognized that the nws was a bad governmental policy and ending it was important and for whatever reason he never did.