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Monday, January 23, 2023 9:55:17 PM
That's what's so scary about FHFA wearing 2 hats here. One as the 100% in control Conservator of Fannie Mae and Freddie Mac Operations and second as their Regulator.
Especially troublesome is their ability to self fund from the balance sheets of the GSES, IN PERPETUITY. The only constraint in HERA is that the operating budget of FHFA has to be "reasonable".
So how does this twisted situation end?
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