Replies to post #520188 on Fannie Mae-No Politics (FNMA)

[Doc.007]

Exactly and Thank You Fully Diluted ! ! ! ! !

Happy FNMA Investing

[bcde]

"A) to oversee the prudential operations of each regulated entity"

Fully Diluted,

This statement alone should have been enough to invalidate all the lawless acts of FHFA as a Director as well as a Conservatorship. But so far banana republic Judges have twisted the laws in the most convoluted manner so as to rule in favor of lawless obama conservatorship so as to eliminate fnf.

So far Obama FHFA Directors/Conservatorship have acted as an agent of wall street thieves.

Trump appointed Mark Calabria to restore rule of law at FHFA and end Gov/Conservatorship control of FnF.

Mark Calabria was NOT appointed for his personal libertarian views to eliminate FnF and 30 year mortgage loans. If Trump administration were interested in eliminating FnF and 30 year mortgage loans, then Trump would have appointed anyone from few FnF haters.

[kthomp19]

This is well-argued. The one problem is that there is a small loophole, one through which FHFA has been trying to pass a camel. That loophole is the fact that FHFA has suspended capital requirements while FnF are in conservatorship. Therefore "adequate capital" doesn't have a meaning, and FHFA is allowed to drain FnF's capital to zero (well, now to $3B each).

The whole thing stinks to high heaven, and I don't believe that FHFA's suspension of capital requirements is even legal (emphasis added):

‘(a) In General-

‘(1) ENTERPRISES- The Director shall, by regulation, establish risk-based capital requirements for the enterprises to ensure that the enterprises operate in a safe and sound manner, maintaining sufficient capital and reserves to support the risks that arise in the operations and management of the enterprises.

However, no plaintiff has sued over FHFA's refusal to impose binding capital standards, and no court has ruled on it.