Replies to post #497749 on Fannie Mae-No Politics (FNMA)

[kennedytrading]

In hindsight, Trump should have fired Watt during the second year after taking office and put Otting and Calabria in their offices and came up with a fix (release) right after that. Republicans were the majority in the Congress during the first two years, and Trump would not have to deal with Maxim Waters at all.

But it is not too late, Otting can still do the heavy lifting and will have the backing of Calabria, Mnuchin and Trump and most importantly not having to wait for the EnBanc decision. The judges are waiting for the director of FHFA to make a move and they will follow him with a favorable judgement. I dont feel have any confidence in these judges. They failed us before and they can still fail us again, and we have been down this road before.
Otting has all the authority vested in him to exercise what he thinks is fair. I encourage Otting, if he is reading this, to start to exercise his power as the FIFA director to release GSE from conservatorship soon, and to stop the sweep. Details on the reform can be sorted out by his staffs.

[jeddiemack]

Protecting "low income housing" thru fandf is really at odds with shareholder pursuits, for which fandf should charge a fee to the government. This committment fee that is assessed the government should help reduce its costs and make it cost neutral.

We can't have government wins on the backs of shareholders. Afterall the shareholders are taxpayers.

Intersting catch-22 here.