Replies to post #298830 on Fannie Mae-No Politics (FNMA)

[yes_have_some]

Is this a smoking gun in the hands of Treasury???

[955]

Can't wait to hear Judge Sweeney spank Gov lawyers. Notice this doc is dated 1.5 years prior to the announcement of the 100% profit sweep.

It basicly shows that the Treasury wanted to change the business model/GSE's future. The Treasury has no business doing any such thing. They're a finance dept...i.e. government collection agency...How the GSE's should operate should be regulated via laws in place by Congress and regulated by FHFA...no where does it say in HERA 2008 that Treasury should make any changes to the business model/corporate bylaws or how the GSE's should operate...the document clearly shows that they were contemplating to make those changes...e.g. a collector changing the business model or how a company should operate if the private company filed chapter 13...the collector can collect on a debt, but the powers of how a company should operate would be under the discretion of the company's executives...