Replies to post #617169 on Fannie Mae-No Politics (FNMA)

[TRCPA]

Potty......yes, as things currently stand he is in charge as conservator.

But unless he is dissembling to the CATO Institute ( We have seen in the past that Calabria likes to tailor his comments to the parties he is talking to), he made it extremely clear that it is up to the GSE's to make ALL of their own capital raise calls by his statement......"It is up to the GSE's themselves to make the calls on how to raise their own capital". (Along with the acknowledgement that he also currently retains the power to place them in receivorship, although clearly not the desired outcome).

Perhaps to clarify the situation, the CATO Institute should have followed up with the question......."At what exact point are the GSE's going to be in the position to make their own capital raise calls?"

[bcde]

"As Conservator, Calabria will also make the decision about how to amend the SPSA agreements between companies and Treasury, hence determining everything else anyway
"

LOL, It is the WH that makes all these decision. FHFA is like a mail room. Nothing happens in the mail room.

[Fuse78]

It’s pretty clear what MC said.
That’s two occasions now that he specifically said the companies would be in charge and control how to retain capital...
He actually emphasized it more this last time than the first...
I like how pbags pick and chose when to give credence to what MC says...