Replies to post #484585 on Fannie Mae-No Politics (FNMA)

[RCChristian]

Thanks! I was gonna post my opinion on Calabria. But this article summed it up well:

“We think it is possible the administration does not wait for Congress to act (on ending the GSE conservatorship) and instead decides to act on its own to end the conservatorship by recapitalizing and releasing the GSEs,” the KBW analysts write. “The fact that Dr. Calabria has said that amending the conservatorship was illegal suggests that he would end the profit sweep and allow the GSEs to start rebuilding capital. We think this view has support within the administration.”

What we know:
#1 Calabria supported to end the GSEs back in 2009/2010 when the GSEs were bleeding. Everyone wanted the GSEs to end and everyone blamed the GSEs for the crash. So that's understandable.

#2 Fast forward 2015 - Calabria outspoken and criticized FHFA of NOT preserving the GSEs and illegally taking money in the NWS.

What this is telling me is 1. He supports the end of NWS and Recap. 2. He can no longer put the GSEs in receivership because they are making so much money. 3. He nodded and agreed that the GSEs paid back the Treasury. This can only conclude him supporting a recap/release scenerio along with the Admin.

THERE YOU GO PEOPLE!!