Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Fact is, Edward J Demarco and his fellow Travelers believed it was up to them to decide the future of the US Housing Finance Market under HERA.

Sorry Edward, that's the Job of our ELECTED Representatives in Congress not you and your 'fellow travelers'.

"To their credit, the investors recommend retaining some of the reforms that have taken place in conservatorship, such as limits on what Fannie and Freddie can invest in, and higher capital levels. But they would leave untouched the fundamental structural flaw that was the system’s ultimate undoing: the dominance of a duopoly that is too big and too important for the nation ever to let fail.

This makes sense from the investors’ point of view, as Fannie and Freddie’s market power will bring them more profits. But it is absurd from the nation’s point of view."

https://thehill.com/opinion/finance/420633-fannie-and-freddie-investors-want-us-to-forget-about-the-housing-crisis/