Replies to post #328693 on Fannie Mae-No Politics (FNMA)

[big-yank]

This thread commenced with a discussion of whether Mel Watt could or couldn't release and allow a fully independent Fannie Mae to recapitalize until courts decide the fate of some 20 lawsuits, or, Congress acts to pass a reform bill that clarifies or amends the law under HERA.

To simply release Fannie, before these HUGE overriding issues are resolved means nothing changes. That also means the sweep will remain in effect if some immediate release is granted by Watt, Lew, Obama or anyone else.

The point was, is and will remain that a released Fannie Mae would teeter on the brink of insolvency without these other issues gaining clarity. That's what's important here. The rest is just rancor.