Fannie Mae Preferred S (FNMAS)

[rosen62]

When will hedge funds sue Mel Watt?

He must be next in line if he doesn't "preserve and conserve" the companies assets based on the continuation of the 3rd. He could clearly find reasons to ask Treasury to go back to the board and renegotiate the PSPAs. He could even suggest Treasury that were it not for the sweep the companies could capitalize and be on their way out of conservatorship, aligning the FHFA with its mandate as conservator. Mel Watt has the same responsibility as DeMarco had. By going along with the 3rd he is also breaking the law.