Freddie Mac-No Politics (FMCC)

[FOFreddie]

Thanks it really doesnt matter what we think but probably what is included in the upcoming Cert petition and what Congress may think about an Administrative Action concerning the UST Equity Stake. The Appropriation Clause issue highlighted in All American is definitely on the mind of French Hill who is on the House Financial Services Committee. Check the 2:54 clip from CSPAN regarding
Chairman Powell's testimony yesterday.

https://www.c-span.org/video/?521122-1/federal-reserve-chair-testifies-inflation-monetary-policy

Comments by Representative French:

HOW HAS IT BEEN SINCE CONGRESS HAS IMPOSED ON THE FED AND OBLIGATION TO PAY FOR THE CONSUMER FINANCIAL PROTECTION BUREAU, ALL OF THEIR OPERATING EXPENSES? THEY SEND YOU A MEMO AND ASK YOU TO PAY FOR THAT WHEN YOU DON'T HAVE CASH. IS THAT ADDED INTO THAT DEFERRED COUNT?

I AGREE WITH YOU, I THINK IT SHOULD BE ON APPROPRIATIONS. I HAVE ALWAYS FELT THAT WAY. I THINK IT PUTS THE FED IN UNUSUAL SITUATION. HERE AS EARNINGS RISE...

Bottom Line is that Admin action could be challenged in Court and it could fail leaving DJTII to clean up the mess.