Replies to post #631171 on Fannie Mae-No Politics (FNMA)

[mrfence]

What was Congress doing in session on December 23 the day before Xmas Eve?

[bcde]

"In 1913, Congress gave the Governors of the Federal Reserve Board for-cause protection to ensure the agency would resist political pressure and promote economic stability. See Act of Dec. 23, 1913,
ch. 6, 38 Stat. 251."


LOL, You make lot sense.