Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"Were it not for that pro-
vision, they suggest, the President might have replaced one
of the confirmed Directors who supervised the implementa-
tion of the third amendment, or a confirmed Director might have altered his behavior in a way that would have bene-
fited the shareholders."

Schnabel, ANY type of monetary harm inflicted on the shareholders by the inability of the POTUS to replace the confirmed FHFA Director should be able to see the light of day in the 5th Circuit Federal District Courtroom. Don't you think that the shareholders would have been MUCH BETTER OFF BECAUSE DJT WANTED TO INSTALL A FHFA DIRECTOR AT THE VERY BEGINNING OF HIS TERM, SAY ONE THAT WOULD FOLLOW HERA, LIKE MC?

Think just how far along we would be in the recap and release process HAD DJT BEEN ABLE TO PUT IN HIS OWN LIKE MINDED FHFA DIRECTOR INSTEAD OF HAVING TO WAIT FOR MEL WATT TO LEAVE! Wouldn't it have caused financial harm to the shareholders, since MC was able to get SM to agree to allow retaining earnings by the gses, after they had agreed to the $25B?

I'm sure there is some documents floating around early on in the DJT ADMINISTRATION that shows at least some discussion as to whether or not they thought they could oust Mel Watt but decided they couldn't because of the unconstitionally insulated FHFA Director provision in HERA.