Replies to post #636144 on Fannie Mae-No Politics (FNMA)

[FOFreddie]

I dont think the UST has a chance so orals will go bad or at best raise a great deal of uncertainty.

FNMA and FMCC dont need HERA in place to be governed properly since everything regarding safety and soundness could be built into Consent Decrees and the FHFA could rely on the BOD's to enforce the safety and soundness mandates until Congress acts to remedy HERA. The OFHEO framework will do for all the other FHFA duties until Congress remedies HERA.

The fact pattern here represents an egregious overreach and demands a punitive action against the UST. Seila did not demand a strong punitive remedy. Dont know enough about Free Enterprise but perhaps this is where I am wrong.

Nothing Blanket about you being wrong about the application of Corporate law. We have been disagreeing on these points for months. Calabria has given every indication he wants the BODs to take responsibility for the GSE s ASAP and the Consent Decrees is the perfect opportunity.