Replies to post #398924 on Fannie Mae-No Politics (FNMA)

[RCChristian]

It's a big deal for the shareholders. It's accountability and now all decisions will begin and end with the Treasury. It is another layer of regulation delays gone. No more "Independent" agency you have to go through to get things done.

[europegoodold]

Watt doesn't even need to be removed.
Present:
Let's assume that Watt refuses to sign a 4th amemendement to the PSPA because he's determined to drive the GSE's into the ground soon after January 1, 2018.
Future:
A single director gets replaced by a board of directors. Three people, same voting rights. Watt, and two others to be named by Mnuchin/Trump. And -bingo, the whole scene changes. 4th amendement is signed to abolish the NWS, and the companies and their shareholders live happily ever after.