The purpose of this hearing is to receive an update from the Federal Housing Finance Agency (“FHFA”) on: (1) measures the FHFA has taken as the conservator of Fannie Mae and Freddie Mac; (2) the FHFA’s current Strategic Plan for Fannie Mae and Freddie Mac; (3) the current financial condition of Fannie Mae, Freddie Mac and the Federal Home Loan Banks (“FHLBs”); (4) the current state of private sector participation in the housing finance market; (5) whether adequate steps are being taken to encourage additional private capital in this market; (6) additional actions the FHFA has taken as regulator of Fannie Mae, Freddie Mac and the FHLBs; and (7) the Director’s views on housing finance reform.
Mel's bottom will be on hot fire for all the wrong things he has done so far as a Conservator. Especially egregious ones are the court filings to defend all the wrong things wall street cronies at FHFA and Tsy have done.