Fannie Mae-No Politics (FNMA)

[Louie_Louie]

They are calling out the theft of shareholders, maybe not in total, but the on going theft! By calling out the FHFA's socialized money give aways opposed to conserving like they should be doing. How can you capitalize and conserve by creating rules for the GSE's to cover point costs, etc, and for the GSE's mandating cash give aways for the "affordable race centric" money give aways? Remember the law says that the primary job of FHFA as conservator, is they must put the companies back into a safe, sound, solvent condition. I don't think HERA says anything about providing GSE capital for free housing, in fact it states to the opposite. Thompson has done the opposite of the HERA mandates with socialized give aways, either by messing with who qualifies and how with special rates, and by directly appropriating fundings of 1 billion plus towards affordable housing. That is not FHFA's job, not when wearing the GSE conservator hat. There in lays the problem. The FHFA at the end of the day should be safe keeping the mortgage markets, their fairness and solvency, once that becomes a biased exercise that exposes the GSE's to capital risks, it's no longer about fairness, because you are risking the entirety for the sake of pacifying a small group.