Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

All of these federal agencies (mostly here in DC) have rule making authority (like a legislative branch), enforcement authority (like the executive branch), AND administrative law judges (like the Judicial Branch).

These federal agencies became more prolific during the FDR and LBJ administrations and continue to grow in size and power even today.

The idea seemed benign at first. Who better to decide on rules, administer and enforce those rules, and adjudicate those rules than a federal agency consisting of highly paid lifetime Bureaucrats with the requisite expertise in these areas of mostly business regulations.

But mixing power with human beings and unchecked oversight leads to the steamrolling of individual and corporate rights by the people in charge of these federal agencies. Look at what Ed DeMarco did for example.

This type of unchecked governmental power is what led to the creation of the US Constitution to begin with and some believe need to be reigned in, like the CFPB and possibly the FHFA.