Fannie Mae-No Politics (FNMA): Calabria: if you want an idea what’s in...

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NeoSunTzu

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Thursday, 05/09/2024 10:53:34 PM

Thursday, May 09, 2024 10:53:34 PM

Calabria: if you want an idea what’s in Calabria’s head give a listen to this podcast episode from April. All the topics he was posting on X today are mentioned in this podcast.

WARNING: you all do know he’s a policy wonk and he’s an advisor at the Cato Institute, right? It’s 36 minutes long and you WILL be bored. He has strong opinions about agency independence, banking regulation, housing policy, he does want a combined financial regulator (at a minimum merging FHFA into the OCC), etc.

He ADMITS pushing back on the Trump Admin when they wanted him to move on the GSEs because he thought as a regulator he shouldn’t buck what he thought was the will of Congress (HERA).

https://www.cato.org/multimedia/media-highlights-radio/mark-calabria-discusses-how-solve-housing-crisis-intrafis-banking

One can avoid reality, but one cannot avoid the consequences of avoiding reality.