Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The Constitutional problem may be where the Congress allows the federal agency perpetual funding, lets the federal agency (i.e., the Executive Branch) set its own annual operating budget so long as it is "reasonable", and then obtains those funds almost completely from 2 private corporations that it controls.

Where's the Congressional Appropriations Oversight Process?

The Drafters of the US Constitution saw the King doing this. Pre 1776, the British Parliament in theory controlled the countries purse strings. But the King, whenever he needed some money for his latest pet project, simply had his Executive Branch (which he controlled) extract the funds from the people and their businesses that he controlled.

"The Sword and the purse in the same hand is asking for tyranny." James Madison, Alexander Hamilton and others therefore put this Clause in the US Constitution:

"“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”
— U.S. Constitution, Article I, section 9, clause 7

https://history.house.gov/institution/origins-development/power-of-the-purse/#:~:text=%E2%80%94%20U.S.%20Constitution%2C%20Article%20I%2C,published%20from%20time%20to%20time.%E2%80%9D

Compatible with the US Constitution or not?

Let's get some black robes to decide, right?