Should have never been opened in the first place! Just a useless bureaucracy employing 605 people earning more than $100M/year of taxpayers' money and duplicating most of what F&F do anyway. Its creation was to provide an orderly demise of F&F for the TBTFs. Forget what you've heard about regulating so and so. Bush started it, Obama abused it, and Trump ... . well, the jury is still out but it ain't looking good.
FHFA Employees Were Given Notice In Early January. Told To Keep Their Mouths Shut Cause Hedge Funds Were Still Buying Stock Cheap.
“Acting Director Otting held the internal meeting to meet FHFA staff and establish open lines of communication,” the FHFA said. “He mentioned, as he previously has, that Treasury and the White House are expected to release a plan for housing that will include details about reform and will likely include a recommendation for ending Fannie Mae and Freddie Mac conservatorships. [Treasury] Secretary Mnuchin has said that the goal of the [Trump] administration is to take the GSEs out of conservatorship. Acting Director Otting said that he and FHFA will work to advance that plan.”
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