Fannie Mae Preferred S (FNMAS)

[europegoodold]

Mr.DeMarco's speech yesterday:

http://fhfa.gov/webfiles/25634/ZillowspeechFinal102413.pdf

p.6:

"Long-term, continued operation in a government-run conservatorship is not sustainable because each company lacks capital, cannot rebuild its capital base, and is operating on a remaining, finite line of capital from taxpayers."

Who signed the 2012-full-income-sweep?

"Furthermore, a taxpayer-backed conservatorship provides a significant subsidy to the mortgage market that crowds out private capital and underprices risk in the market."

Who has the power to raise guarantee fees, and was always hesitating to use it?

This man's problem is that he wants to be a big man in the political arena rather than a conservator.