Totally in agreement. the proof is in what actions are taken by both sides. sounds like this SEC document spells out what has taken place and will continue to take place until this conservatorship is ended.
Is this not self-indicting that the treasury runs the conservatorship? Thereby acting with personal interests in mind instead of doing what's best for the GSE's?
The answers to those questions are complicated by the fact that the FHFA Acting Director, DeMarco, signed those agreements on behalf of the GSEs whose boards subordinated themselves to the FHFA. This gives the appearance that this was a joint agreement between the FHFA (GSEs) and the US Treasury, and not a unilateral one dictated by the US Treasury.
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