Replies to post #355322 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

re #1 in your post

Was that BO or Bush - during the period leading up to 1-20

[ZZ Fannie]

Mel Watt seems to be a puppet on a string no?

[rosen62]

// 1. Congress is behind Obama's take over of the GSEs at large. They passed HERA and have not even suggested any legislature to amend it to override any of FHFA or Obama's actions. There is little reason to move when Congress supports (at least implicitly) the actions you are taking.

Congress did not support the NWS. Congress supported the actions of Hank Paulson. Or, more precisely, Hank Paulson helped mold HERA to support his actions.

Besides, Obama and Hillary Clinton were 2 of the only 3 senators who did not vote for HERA. So clearly, Obama thinks HERA doesn't exist. Therefore, he could care less about Congress.