Replies to post #308844 on Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Looks like release from conservatorship tomorrow...everyone is there to complete the decision...;-)

[Mikey Mike]

Voting members? What exactly are they voting on? What would require SEC, FHFA, Treasury, Federal Reserve and FDIC all to be there to vote on? About the GSE's conservatorship???

[Zargis]

Very curious.

Possibly a staging ground, although i doubt it is a release vote etc.


-zargis

[955]

Nice. FSOC - Financial Services Oversight Committee, headed by none other than Jacob Lew, Liar and Spin-master in chief. "Sometimes a broken hard drive is just a broken hard drive." Let's attach some names to these titles so we can shine the light on these rats as they scurry for cover. ANYTHING closed to press is sure to be filled with corruption. More transparency courtesy of Obama Admin.

FSOC meeting tomorrow. I have a few Fannie, Freddie questions for them, while they are all in the same room. Maybe Fairholme's list of questions? Oh wait, this one is closed to press. :)

The Council is made up of ten voting members and five nonvoting members.

The voting members are:

the Secretary of the Treasury, who serves as the Chairperson of the Council;
the Chairman of the Board of Governors of the Federal Reserve System;
the Comptroller of the Currency (OCC);
the Director of the Bureau of Consumer Financial Protection (CFPB);
the Chairman of the Securities and Exchange Commission (SEC);
the Chairperson of the Federal Deposit Insurance Corporation (FDIC);
the Chairperson of the Commodity Futures Trading Commission (CFTC);
the Director of the Federal Housing Finance Agency (FHFA);
the Chairman of the National Credit Union Administration (NCUA); and
an independent member with insurance expertise who is appointed by the President and confirmed by the Senate for a six-year term.
The nonvoting members, who serve in an advisory capacity, are:

the Director of the Office of Financial Research;
the Director of the Federal Insurance Office;
a state insurance commissioner designated by the state insurance commissioners;
a state banking supervisor designated by the state banking supervisors; and
a state securities commissioner(or officer performing like functions) designated by the state securities commissioners.
The state insurance commissioner, state banking supervisor, and state securities commissioner serve two-year terms.

[Patswil]

* In accordance with the Council’s Transparency Policy, which is available at www.fsoc.gov, this meeting will be held in an executive session to prevent the potential disclosure of information contained in or related to investigation, examination, operating, or condition reports prepared by, on behalf of, or for the use of, an agency responsible for the regulation or supervision of financial markets or financial institutions; information which would lead to significant financial speculation, significantly endanger the stability of any financial market or financial institution, or significantly frustrate implementation of a proposed agency action; inter-agency or intra-agency memoranda or letters which would not otherwise be available by law; and to conduct administrative business of the Council.

http://www.treasury.gov/initiatives/fsoc/council-meetings/Pages/default.aspx

[Hvp123]

Sounds like they looking for solution to the mess they created in 2008 n 2012 in FnF cship n net sweep. First time I heard of such meeting of all at one place. Closed to press? Wow so transparent :) Their attorneys must have advised them to tackle FnF cship n net sweep before its too late.

[chessmaster315]

Good post, Dollar. Thanks for keeping us informed. Post the minutes to the meeting when you can.

[955]

Jacob Lew, current Secretary of the Treasury. This is the guy who sets the tone for ethical business conduct in America. Handpicked by the president, he sets the course for banks, non-banking financial institutions, Wall Street, the IRS, corporate America and now it would appear, housing.

FSOC meeting tomorrow. I have a few Fannie, Freddie questions for them, while they are all in the same room. Maybe Fairholme's list of questions? Oh wait, this one is closed to press. :)

The Council is made up of ten voting members and five nonvoting members.

The voting members are:

the Secretary of the Treasury, who serves as the Chairperson of the Council;
the Chairman of the Board of Governors of the Federal Reserve System;
the Comptroller of the Currency (OCC);
the Director of the Bureau of Consumer Financial Protection (CFPB);
the Chairman of the Securities and Exchange Commission (SEC);
the Chairperson of the Federal Deposit Insurance Corporation (FDIC);
the Chairperson of the Commodity Futures Trading Commission (CFTC);
the Director of the Federal Housing Finance Agency (FHFA);
the Chairman of the National Credit Union Administration (NCUA); and
an independent member with insurance expertise who is appointed by the President and confirmed by the Senate for a six-year term.
The nonvoting members, who serve in an advisory capacity, are:

the Director of the Office of Financial Research;
the Director of the Federal Insurance Office;
a state insurance commissioner designated by the state insurance commissioners;
a state banking supervisor designated by the state banking supervisors; and
a state securities commissioner(or officer performing like functions) designated by the state securities commissioners.
The state insurance commissioner, state banking supervisor, and state securities commissioner serve two-year terms.