Fannie Mae-No Politics (FNMA)

[Vancmike]

I have posted these quotes in the past years. Just thinking someone may have others to add:

1) Federal Judge Margaret Sweeney called this a “mafia style loan”.

2) Federal Judge Edith Hollan Jones said, “The treasury has been compensated like a Pay Day Lender”.

3) Federal Judge Janice Rogers Brown, wrote, “This was an act of a banana republic.”

4) Former FHFA Director Mel Watt; “The law was trumped before I got there”

5) Former US Congressman Mike Capuano; “The shareholders of FMNA & FMCC have been screwed for years unnecessarily. They have paid back three times over”.

6) Former FHFA director Mark Calabria, who drafted HERA quote, “Ed DeMarco should be standing in front of a judge.” In regards to the Net Worth Sweep, for subverting HERA and the law.

7) Supreme Court Justice Sotomayor - "For no rational reason, FHFA sold all of Fannie and Freddie's assets, in exchange for $1.00, to itself. It did exactly what Justice Breyer said, it nationalized things. It nationalized the companies."

8) Supreme Court Justice Breyer’s comment “This is a takings case.” “They say, nationalization is not the kind of thing conservators and receivers do and, therefore, you can examine it. And when you examine it, you will see how unreasonable it is.”

9) From the attached letter by former President Trump to Senator Rand Paul, “The idea that the government can steal money from its citizens is socialism and is a travesty brought to you by the Obama/Biden administration”.

10) “The court will not condone the misuse of a protective order as a shield to insulate public officials from criticism in the way they execute their public duties.” ORDER GRANTING MOTION TO DE-DESIGNATE SEVEN DOCUMENTS; Judge Margaret M. Sweeney, April 13, 2016.

11) On January 23, 2025, Mark Calabria, former Director of the Federal Housing Finance Agency (FHFA), stated on X (formerly Twitter), "One of the more disappointing aspects of Fannie/Freddie conservatorships is the degree to which so many DC insiders believe agencies outright ignoring the law is a completely normal and fine outcome."