Replies to post #486356 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

actually what I was thinking, if he had to power to screw up the world housing markets with receiver, he should be able restore stability to it with conserve. one way is 100 times more destructive than they other, yet after 10 years they cant even take the easy and best path of releasing them after removing sweep.

[kthomp19]

REceivership is a huge change to our entire housing stucture

Actually, Calabria believes that puttng FnF into receivership would not result in any major change or upheaval to the housing finance system.

Mark calabria can just willy nilly change all of this on his own HAHA doubt it

He actually will have the statutory (legal) authority to do so by himself, though again I can't see him doing it without Treasury's approval (and even then I doubt it happens).