Fannie Mae-No Politics (FNMA)

[Louie_Louie]

As everyone here knows...why does FHFA and Treasury keep talking in circle jerk fashion? Let me explain! Why do they keep saying CONGRESS has to blah, blah, blah? Why did all previous administrations refer back to congress? They all knew THE LAW needs CHANGING! Who changes the law? Congress. So how much faith do you have in the current HERA law and all the NON-LAW BS that was added through the ages? ( MQD self dealing amendments and letter agreements anyone)

Biden can not release, even if HIS lacky treasury and FHFA heads get behind him. Why? Congress will expedite a law so fast, as your head can spin to stop the administrative move....WHY? BECAUSE they can. No mortgage business or bank will transact with an administratively released GSE that has pending congressional law that goes against administrative release. I gurantee you the current congress probably, most likely, has legislation ready to go at a moments notice if Biden, treasury and FHFA try to release without the current Congress okay.

Ignoring the current politics and DC dysfunction will have detrimental affect on ones investments. Thinking you have the market cornered on all political and law variables and varriances is bull-pucky.

Jhmo, as always