Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Virginia and the federal government were the exact same, the executive and legislative branches were controlled by the same party. Just like the federal Executive and Legislative Branch, Virginia allowed the extreme end of their party to pass hundreds of Progressive bills. The people grew sick and tired of being "woke" and voted them out of power in both the executive branch (governor) and the house (legislative). No Senators were up for reelection. NJ is in a dead heat. Seattle voted for a R attorney general. Minneapolis rejected a ballot initiative to remove their police department.

Joe Manchin (whose state was originally part of Virginia) said today that his party should take notice of the message.

If the $350B affordable housing fund bill doesn't make it through Congress and become law, the current administration may take the idea of monetizing their "investment" in the gses more seriously. If they determine that they can't or that it will not be feasible they could simply order the gses to pay for their governmental affordable housing initiatives through new programs like the ones they are planning for now under the umbrella of the program the CEOs announced in their latest earnings call the other day.

It's just ridiculous that two corporations earning $10B to $20B per year are now going to be saddled with loss producing loans subsidized by a hit to much needed capital as they begin their 14th year of a 'conservatorship' that has been artificially prolonged by the 'conservator'.