Replies to post #707378 on Fannie Mae-No Politics (FNMA)

[955]

Problem is her definition of safety and soundness does not line up with doing what's best for the financial health of the GSE's. It's more about racism and greasing the skids to get more loans to the unqualified. They've redefined the mission statement of the GSE's to fit their own robinhood narrative of prioritizing more loans to the unqualified and irresponsible. That's what got us into trouble pre-2008.

Quote:
As a financial regulator, I have long believed that safety and soundness and access to credit are not mutually exclusive.

That quote says it all! She's unqualified!

[bradford86]

Well done! Yes. I thought it was three times. Yeah. That is what caught my attention along with the mutually exclusive comment

[navycmdr]

HERA "requires by LAW" the Director ...
suspend contributions if (3) are preventing or would prevent, the enterprise from successfully completing a capital restoration plan ...

[955]

That statement was prepared FOR her and she will spend the entire hearing reiterating it until our ears fall off, IMO.

[955]

"Access to credit" for who??? Spin up that forked tongue!

Quote:
As a financial regulator, I have long believed that safety and soundness and access to credit are not mutually exclusive.