Fannie Mae (FNMA)

[Robert from yahoo bd]

The Net Worth Sweep implemented on August 17, 2012, prevented the GSES from ever going private again. In 2013-14, the Senate Banking Committee and the corresponding House Committee held meetings trying to decide the future of the structure of the Secondary Mortgage Market. Bills were introduced by our ELECTED REPRESENTATIVES in Congress and no consensus was reached.

DeMarco, the UNELECTED head of the FHFA in conjunction with the UST, decided to implement the NWS and Nationalize the GSES, a Major Economic and Political Question that should be decided by our ELECTED REPRESENTATIVES IN CONGRESS NOT by 2 heads of Unelected federal agency's.

https://www.law.cornell.edu/supremecourt/text/20-1530#