Fannie Mae-No Politics (FNMA)

[bcde]

"I know MC seems a little bitter about something..."

First of all, MC should feel very lucky for being FHFA Director even for one day, considering that he was not qualified for this job.

MC boasts that he helped to draft HERA, the crappiest law in the history. So MC must be ashamed of this.

HERA is a copy of the law that Governs FDIC, a Deposit Insurance corporation and supervisor for Banks and their depositors. FHFA is bureaucratic regulator that regulates FnF, the monoline Insurance companies. So this fellow should have known the simple fact that FHFA is not Insurance corporation and does not supervise Banks. Then why use the law that deals with deposit insurance and supervision of banks, to regulate and supervise monoline insurance companies.

HERA is the most inappropriate law for regulation and supervision of FnF. So HERA should be abolished. Please ask MC about it.