Replies to post #732216 on Fannie Mae-No Politics (FNMA)

[KenKong]

Mr Burns … “Excellent!”

[955]

The FHFA’s current director, Edward DeMarco, was appointed more than three years ago in an interim capacity after the Obama Administration’s first nominee, Joseph Smith Jr., withdrew from consideration following opposition from Senate Republicans, the Journal said. The FHFA was created four-and-a-half years ago and has never had its own director confirmed by the Senate. The director of the FHFA is a key policymaker because of the agency’s role as the gatekeeper of Fannie Mae and Freddie Mac.

https://therealdeal.com/2012/12/10/white-house-looking-for-new-fhfa-director/

That include Lockhart, his predecessor??? If so, 'conservatorship' invalid too???

Marco then moved to the Department of the Treasury to serve as director of the Office of Financial Institutions Policy. In this role he oversaw analyses of public policy issues involving government-sponsored enterprises and other financial institutions.

http://www.allgov.com/news/appointments-and-resignations/acting-director-of-federal-housing-finance-agency-who-is-edward-demarco?news=841217