Replies to post #500462 on Fannie Mae-No Politics (FNMA)

[Release us]

True. They schooled Dean Baker.Lol :-)

[HoldenWalker99]

The confusion arises when people start invoking the Federal Vacancy Reforms Act to combat those cherry picking HERA. You need to fight HERA with HERA.

So if you're using "1312b4":

SEC. 1312. DIRECTOR.
(b) APPOINTMENT; TERM.—
(4) SERVICE AFTER END OF TERM.—An individual may serve
as the Director after the expiration of the term for which
appointed until a successor has been appointed.

You then default to the definition of "individual" as follows:

SEC. 1312. DIRECTOR.
(b) APPOINTMENT; TERM.—
(1) APPOINTMENT.—The Director shall be appointed by
the President, by and with the advice and consent of the Senate,
from among individuals who are citizens of the United States,
have a demonstrated understanding of financial management
or oversight, and have a demonstrated understanding of capital
markets, including the mortgage securities markets and
housing finance.

And then you're good as long as it's a citizen who knows how to balance a checkbook and apply for a mortgage?

Or do you then have to default to the Federal Vacancy Reform Act?

- By default, "the first assistant to the office" becomes the acting officer.
- The President may direct a person currently serving in a different Senate-confirmed position to serve as acting officer.
- The President can select a senior "officer or employee" of the same executive agency who is equivalent to a GS-15 or above

And that's how we get Otting?

[3antar]

Didn't DeMarco rip us off,, and one said anything... Otting is here to make things right.. let him handle it.