Replies to post #635307 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I thought HERA was a cut and paste job of FIRREA, a remnant of the 80's S&L crisis.

The FDIC is run by a board structure NOT a single director like FHFA:

"The FDIC is managed by a five-person Board of Directors that includes the Comptroller of the Currency and the Director of the Consumer Financial Protection Bureau, all of whom are appointed by the President and confirmed by the Senate, with no more than three being from the same political party."

https://www.fdic.gov/about/what-we-do/

I think the FDIC was were Sheila Barr did some time.