Replies to post #371561 on Fannie Mae-No Politics (FNMA)

[big-yank]

Trump has party control over both houses. All he needs to do is get Ryan and McConnell to pass a resolution stating the housing and economic crises have ended and repeal HERA as no longer necessary, then sign the bill himself after legislative passage. Then he simply instructs Treasury to cancel all the deals made under conservatorship, unless he opts to salvage some vestige like warrants (which I doubt he will do, hanging Obama with any fallout from court decisions that they were illegal).

Then the dialog can progress to any reform measures capable of subsequent passage after the courts rule on clean up of issues found to have cause during the conservatorships.

This is the kind of quick, to-the-point fix that I expect from a businessman who doesn't suffer from bureaucratic brain disorder.

JMHO.

[trunkmonk]

Mel Watt

“Mr. Watt has given no indication that he believes the GSEs are healthy enough to end conservatorship.

Mr Watt, they were never unhealthy enough to go under conservatorship until Treasury swept all profits.

sounds like Mel just want to ride the GSE gig, and this is the opposite of what Trump wants, you cant make America great if you have loafers in place like Mel.

Mr. Trump, let our people go, Obama and Mel have been fleecing the GSEs and holding the whole world economy in limbo with their charade.