"I absolutely love that you are blaming Watt for a fantasy hypothetical and speculatory 'agreement' that Trump and the treasury came up with and Watt wont agree to. "
rek,
Thanks, Once again these are various scenarios and analysis based on publicly available news and Mel Watt's official statements.
Please Read FHFA's official position on housing finance reform and Conservatorship. FHFA will go only with Congressional reforms and will not go with administrative reforms.
Basically Mel Watt is challenging DJT administration and RNC while supporting MBA and fellow travelers.
Did you read about DJT referring to GS in Puerto Rico debt problem? GS cabal is the main culprit for 2008 crisis and continues to control FnF conservatorship.
These comments supports the analysis about why Mel Watt is insisting on legislative reform and why Mel Watt does not want administrative reform. Obviously Mel Watt is in the pockets of WS Banks like his friend Bo and works for the benefit of WS Banks. After his term Mel Watt will join one of these banks or work as lobbyists for these banks.
The more it becomes clear to the general public that the legislative “reforms” the banks are pushing for with respect to Fannie and Freddie are their self-serving answer to a made-up and lied-about problem, the better the chances become for administrative reform that preserves and strengthens the companies.
"I understand that this was a political hearing, but Watt’s responses to the questions he was being asked do not give any evidence of the leadership he should be showing in helping Congress get to the right answer on how to restructure the secondary mortgage market so that it can continue to perform the valuable public function it has done the past, at negligible risk to taxpayers. He needs to step up and do that.”
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