Replies to post #507701 on Fannie Mae-No Politics (FNMA)

[navycmdr]

What about Calabria's CATO paper ?

"The Conservatorship of Fannie Mae and Freddie Mac:

Actions Violate HERA and Established Insolvency Principles "

https://www.cato.org/publications/working-paper/conservatorships-fannie-mae-freddie-mac-actions-violate-hera-established

[YoYoMa57]

He cant change fnf basic business witgout congress, that aint happening semma down now. He has clearly stated man6 times NWS is illegal. All he needs to do is stop NWS and not release as they"debate" reform. When 5hat fails they turn into utilities

[bcde]

"That says is ALL.. I am very suspicious of what Calabria would actually do, if he hoodwinks the Committee hearings and gets confirmed... I firmly believe he would do what the TBTF banks want and NOT what Mnuchin/Otting Camp wants to do with FnF , which long Shareholderds of FnF want... So Calabria's confirmation is a Death-knell to FnF Shareholders - both Prefferreds & Commons...maybe more detrimental to Commons.
"

With 5th circuit ruling, FHFA director can be fired at will. So FHFA Director is almost bound by WH policy mandates. Besides Calabria is no wildcard. He is a political insider.

[reyprimero]

"Calabria is a wild card as far as GSE reform goes."

Just in the mind of GasBurrito and people disconnected from reality Calabria is a "wild card".
Calabria is a political insider and very Knowles of the subject on question ,that's why He get a original copy from HERA(document He personally help to conform) at presentation front congress .