Fannie Mae-No Politics (FNMA)

[Rodney5]

Barron Quote: “What I am saying is that if it is found that the actions of Treasury since 2008 would require that the GSEs be consolidated on the nations balance sheets as required by FASAB, then that would be an actual takings requiring Treasury to also include the mbs liability (trillions) on the nations balance sheet. The result would be that the Treasury’s actions recreated FNMA as an agency of the united states as they were created in 1938. This was not intended by Congress when they amended the charter act under HERA. So this is a major question doctrine case, a constitutional debt clause case, a takings case, and a major questions case. Treasury was told to buy GSE stuff in 2008-2009 to help them out. Not take them over and nationalize them violating all the accounting and budgeting laws of the United States.” End of Quote

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https://files.fasab.gov/pdffiles/2022_%20FASAB_%20Handbook.pdf