Fannie Mae-No Politics (FNMA)

[bmp152]

Thanks obit et al. I fully understand why the Treasury was in favor of passing that 3rd amendment, but why did DeMarco agree to it? I know that his only duty as GSE conservator is to return them to a solvent condition--nothing more or less.

Knowing that enactment of the 3rd amendment was in direct violation of his duty as FHFA director, why would he still do this? Was it for political positioning? Money? Did he really think this was the best move to make?

I think a subpoena of all of DeMarco's financials would be quite interesting. There has to be some conflict of interest for him to agree to that 3rd amendment. Otherwise, it just doesn't make sense.