Replies to post #749081 on Fannie Mae-No Politics (FNMA)

[Vancmike]

whomarjb - you are correct. Yes I am aware that Sandra Thompson technically and legally is able to act on own. The question is - will she? I am tying to nudge this off dead center.

Maybe if she knows congress will be pushing in one direction, she may act before being told to.

[familymang]

Were you able to gather any other information from your "source"? I.E. are they just planning to run out clock/status quo or do they have plan to exit cship in the near term (0-2 years).

[Donotunderstand]

need congress for what?

I assume - Treasury does not need congress to tell FHFA that the SP is gone - LP is zero
I assume - FHFA does not need congress to accept that
I assume - FHFA does not need congress to cut the capital requirement set prior to 50% of the current level
i assume - FHFA does need Congress - does need congress - to fully restructure F and F --- as in the NWS IMO was not spoken to by Congress and FHFA did not have the legal right there --------- or if FHFA wants to merge the two - or redraft their charter be GOV agencies etc.

Summary - a lot of good (for equity) can be done by FHFA and Treasury without new law but not the complete reshaping of FNMA --- IMO