Fannie Mae-No Politics (FNMA)

[955]

Katie Buehler
@bykatiebuehler
·
Oct 26
The expert agreed that he cannot speak for what the Treasury, the FHFA or Federal Reserve would've calculated the fee as in 2012, simply that he is trying to "give economic meaning to the contract." The three agencies were required to agree on any such fee imposed.

What was FEDERAL RESERVE doing in these meetings? As reported, they were one of 3 agencies required to be in agreement on any fee imposed. 3 agencies equally weighted? Highly unlikely.

The FEDERAL RESERVE is NOT a Gov agency. The FEDERAL RESERVE is unaudited, reports to no one and is NOT accountable to anyone, not even Congress. All their meetings are held in strict secrecy with no media present. The FEDERAL RESERVE regularly buys and sells MBS Securities. The FEDERAL RESERVE is privately owned by member banks and was founded mainly by The Rothschilds, Rockefellers and JP Morgan in a highly secretive meeting held on Jekyll Island off the coast of Georgia in 1913. TBTF banks have wanted the GSE business for decades.