Fannie Mae-No Politics (FNMA)

[Wise Man]

The FSOC Chair, Yellen, and FHFA's ST are criticized over on the #Fanniegate hashtag.
It seems that Sandra Thompson tailors for you a theme already sorted out long time ago, so you can pretend to be an active and knowledgeable official.

On Friday, the FSOC, presided over by secretary Yellen, aimed at addressing the Liquidity and Solvency risks posed by the nonbank mortgage servicers, requesting an authority of FHFA and GNMA, when it's already up and running since 2015.

FSOC CREATED A DIVERSION: NONBANK MORTGAGE SERVICERS
It requested an authority of @FHFA to address also Liquidity Risk: already in place too👇, so the banks' Liquidity/Solvency risk isn't fixed ($1T unrealized losses in Contingency Portfolios unaccounted for in Equity)#Fanniegate https://t.co/C5G4g3hOzp pic.twitter.com/9O5bXzQa0j

— Conservatives against Trump (@CarlosVignote) May 14, 2024

And in the recent Senate Hearing, Senator Warren was in need of public recognition too.

.@SenWarren complains about the FHLBs' 10% mortgage assets initial membership compliance. It must be on an ongoing basis.
ST agrees:"I'll look into it"
FHFA 2016 Proposed Rule: 10% requirement on an ongoing basis. It opted out:"FHFA may revisit the issue in the future"#Fanniegate pic.twitter.com/G2ND4STTSG

— Conservatives against Trump (@CarlosVignote) April 18, 2024

This way, they kick the can down the road with the important issues remaining (FHEFSSA Capital Ratios in FnF Basel-framework version, not their Net Worth that is pointless; and the Liquidity and Solvency in the U.S. banks with their hidden losses in their investments in debt securities, which are the eligible assets for their liquidity needs) and the economy is vulnerable, playing the Trump card with, once again, a cabinet that would be comprised of people specialized in buying distressed assets, like Mnuchin, NEC's Cohn and Wilbur Ross, along with his advisor, Blackstone's Schwarzman.