Fannie Mae-No Politics (FNMA)

[Rodney5]

The FHFA is not authorized by Congress to release the companies by a consent decree. Yes, the FHFA can release the companies without Congressional approval but NOT BY CONSENT DECREE. Read the Law!

What Congress approved with the passing of HERA.

The Treasury was authorized by Congress a limit of $2.25 billion FOR PURCHASE OF OBLIGATIONS. This amount was increased by Congress in the Charter Act that was amended by HERA. The amount today $200 billion as of December 24, 2009, expired on December 31, 2009: AND NO MORE.

Sandra Thompson CANNOT release pursuant a consent decree without congressional approval. LAW: Congress will have to approve a consent decree. Administrative means to provide financial support by ongoing fee is not authorized by Congress. A consent decree is a line of credit, NOT PURCHASE OF OBLIGATIONS, two different products.

With the passage of HERA Legislation: (purchase obligations increased with an expiration date of December 31, 2009).

SEC. 1117. TEMPORARY AUTHORITY FOR PURCHASE OF OBLIGATIONS OF REGULATED ENTITIES BY SECRETARY OF TREASURY.

The HERA legislation granted temporary authority to the Treasury to purchase obligations of the Enterprise, above the limits written in the Charter, (Charter limitation of 2.25 billion) up to the point in time of ‘‘(4) TERMINATION OF AUTHORITY.—The authority under this subsection (g), with the exception of paragraphs (2) and (3) of this subsection, shall expire December 31, 2009.

Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf