Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Here's the thing, during the continuance of the CONservatorships, the Capital of the GSES increase about $20-$30B/yr. and the Feds have 100% control over 2 of the lynchpins of the American Secondary Mortgage Market. Added bonus, virtually complete control to add social engineering giveaways for the party in power's targeted political voter base.

Why would the federal government want to give up that power?

"The Brownlow Report applied the principles of an emerging science of public administration to the federal government and recommended a comprehensive restructuring of the American administrative state to enhance its efficiency. It defined administrative management as "the organization for the performance of the duties imposed upon the President in exercising the executive power vested in him by the Constitution of the United States," and thus, having subsumed administration within the executive power and identified the president as manager-in-chief of the federal bureaucracy, it proposed a variety of reforms intended to enhance the ability of the president to play this role. While the report dressed its recommendations in traditional constitutional garb, suggesting that its reforms would restore a proper separation of powers, its vision of presidential government was in fact a striking departure from our constitutional system."

https://go.gale.com/ps/i.do?p=AONE&u=googlescholar&id=GALE|A178359575&v=2.1&it=r&sid=AONE&asid=2fb80466

"James Landis, who had great faith in the capacity of scientific experts to fashion public policies that would serve the public good, fundamentally agrees that politics and administration must be separated. He contrasts an earlier age in which politics and administration were inextricably intertwined because the amateur politician, whose power was rooted in the electoral process, was responsible for administration, with the modern era.

Landis is simply more forthright about drawing out the implications of the separation of politics and administration--the irrelevance of the older separation-of-powers-based constitutionalism for organizing the administrative sphere, and the replacement of constitutional law by administrative law in regulating administration. "In terms of political theory, the administrative process springs from the inadequacy of a simple tripartite form of government to deal with modern problems."

Apparently James Landis never envisioned a Ed Demarco!