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Thursday, March 06, 2014 11:13:42 AM
response to Berkowitz from Fannie Mae came quickly, as Berkowitz received a response Sunday evening from Philip Laskawy, the Chairman of Fannie Mae.
In less than 200 total words, Laskaway all but dismissed the proposal from Berkowitz, noting:
I am confident that the Board is doing the job it has been given. [Federal Housing Finance Agency] has retained certain authorities for its exclusive determination and control, as provided by federal statute, including all decisions relating to the declaration and payment of dividends to the United States Treasury. Our Board and management will continue to perform their duties, as provided by federal statute and delegated by FHFA, diligently and to the best of their abilities.
My question to members here is, why was he so quick to answer and defend the board when he is leaving at the end of March? Is he beholden to somebody? Something seems odd here.
http://nationalmortgageprofessional.com/news47210/fannie-mae-board-member-perry-succeed-laskawy-fhfa
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