Replies to post #565505 on Fannie Mae-No Politics (FNMA)

[bcde]

"Are you talking about 9/9/19 Fox news ?
Quote:
Mnuchin said around $100B on Fox Business
"

Basically UST does not have any mandated responsibility for the well being of FnF or housing economy. UST is just a creditor to FnF through a private commercial contract. But UST bankers have not been any less worse than WS loans sharks during last 11 years of conservatorship often using the ruse of protecting tax payers. It is not a secret that UST bankers are working for Wall street and not for the main street.

Congress created FnF to protect home owners from loan sharks. But paradoxically Congress has failed to protect FnF from UST loan sharking.

FHFA has mandated responsibility for well being of FnF and housing economy. So it does not matter what SM says about capital requirements. It is the the responsibility of FHFA to set appropriate capital requirements. So we need to make sure that FHFA understands this.