Fannie Mae-No Politics (FNMA)

[Wise Man]

Mounting evidence that rogue officials attempt to turn FnF into the Fed, passing the SPSPA off as "the Law", as stated by representative Davidson in a congressional hearing (watch the tweet below), mimicking the statutory limits in the "Capital Reserve" that the Fed calls "Capital Surplus", the rest swept to Treasury (remittances to Treasury).
FnF don't have such statutory limits.
Actually, it's the opposite with a Fee Limitation of the United States.


It wasn't changed "as of the passage of HERA" (DOJ attorneys), primarily because the 2nd UST backup of FnF with an infinite rate on SPS, inserted by HERA in the Charter Act, was a TEMPORARY authority with a deadline on December 31, 2009.


Let's not forget the multiple attempts by Mnuchin to portray FnF as "liquidity providers" for the banks, when that's the FHLBanks and the Federal Reserve.
FnF carry out a Public Mission, but related to the Guaranty Mortgage Securitization business, with secondary market operations.
So, a business activity that can be perfectly carried out by fully private companies (Charter, revoked)
A Charter Act with a UST backup of their operations as a last resort (Section: statutory purposes), now pointless with FnF subject to the Basel framework for capital requirement, 15 years into a conservatorship.

MISTAKE OF PA "THE LAW" WASN'T MADE BY CHANCE
Capital Reserve(FHEFSSA-invalid) mimics the Fed's Capital Surplus,w/ statutory limit changed from time to time by law:$7.5B→$6.825B,May 2018.
PA changed the Applicable CR too,but as part of a Separate Acct.#Fanniegate @TheJusticeDept https://t.co/vZClCSXivH

— Conservatives against Trump (@CarlosVignote) February 20, 2024