Replies to post #678032 on Fannie Mae-No Politics (FNMA)

[gazerbeam]

Interesting comment on Tim Howard's blog about this 'living will"

The “living will” requirement comes from Section 165(d) of the Dodd-Frank Act, requiring that “bank holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated by the Financial Stability Oversight Council (FSOC) for supervision by the Federal Reserve periodically submit resolution plans to the Federal Reserve and the Federal Deposit Insurance Corporation.” HERA does not make any reference to living wills, let alone authorize FHFA to require them of Fannie and Freddie

[Robert from yahoo bd]

MC letting the JB Administration know that there's no reason to fire me, we are working hard on improving America's Secondary Mortgage Market! MC should have changed this part, "And as 2008 demonstrated, when the GSEs fail, America’s housing problems get even worse.", to "And as 2008 demonstrated when the UST strong arms 2 Fortune 50 private corporate board of directors into Nationalization of their businesses, America's housing problems get even worse."

[Wingsjr]

MC is a liar. FnF need no bailout.

[955]

MC removing Gov backstop and placing radical 'Homes For All' housing policies squarely on the shoulders of investors who have no say in these doomed to failure policies that WILL bring on another crisis. We've been thoroughly hijacked. Reading between the lines of the slippery eel's mouth.

The new resolution rule will protect taxpayers from another Fannie and Freddie failure. But it can’t protect the GSEs or the broader housing market from a crisis. Only private capital can do that. The time is long overdue to ensure the long-term stability of America’s housing market. The current boom won’t last forever.

[mrfence]

It's official...

Our MC's insane in da membrain.

[Donotunderstand]

seriously

what the F did he say?