Replies to post #354554 on Fannie Mae-No Politics (FNMA)

[tcj]

Section 1145 (a) of HERA amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to read: “AGENCY NOT SUBJECT TO ANY OTHER FEDERAL AGENCY. —When acting as conservator or receiver, the Agency shall not be subject to the direction or supervision of any other agency of the United States or any State in the exercise of the rights, powers, and privileges of the Agency.” HERA does not prohibit Treasury from telling FHFA what to do, but it does prohibit FHFA from doing it.

As Berk said, let's just see the documents and we can see whose right.

[brandemarcus]

Which of these documents show reserves built up vs actual losses to date?
Actual cash losses not projected losses. What was so scary in Fnma's 2012 10q since you mention it? Since it's an actual document that everybody can check in 10 minutes, what is so scary in there? I want to know about accounting fraud in 2009. For most of 2009 , Henry Paulson is a private citizen. He also( based on his statements about 2013 financial results at the Gse's) is either a liar or had no knowledge of how loan loss reserves work. I am talking about the statement: ( I had to pinch myself.....)

[rekcusdo]

"HERA imposes no mandate for FHFA to only act by itself with no advice or suggested leadership from other agencies"

Why do you keep saying things about HERA that are so wrong!

Please do me a favor and READ HERA before saying what it does and does not do.