Replies to post #740723 on Fannie Mae (FNMA)

[Robert from yahoo bd]

This is how Arnold & Porter are likely funded via the GSES very OWN BALANCE SHEET (see CASH on the Assets side of the balance sheets) to vigorously defend the Net Worth Swipe in the Lamberth trial (Uncle Suggy, you're such a bad boy! ;-). ) : "If anything,
FHFA’s funding structure is more problematic than that of the CFPB. The CFPB is allowed to
collect and spend no more than 12% of the Federal Reserve’s budget. 12 U.S.C. § 549(a)(1). In
contrast, FHFA can impose any assessment on Fannie, Freddie, and the Federal Home Loan Banks
that its Director deems “sufficient to provide for reasonable costs . . . and expenses,” 12 U.S.C.
§ 4516(a), and “necessary . . . to maintain a working capital fund,” 12 U.S.C. § 4516(a)(3). In
practical terms, that amounts to an unlimited power to collect and spend money, for FHFA
regulates entities that have over $8 trillion of assets from which it may freely draw. Statement of
Sandra L. Thompson, FHFA Director, Before the House Comm. On Fin. Servs. (July 20, 2022)
https://bit.ly/3AnDFVq (last visited Aug. 15, 2022)."