Replies to post #749569 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Was not the FHFA head position found unconstitutional? Why is there still a single director position? Why has congress not corrected what the courts pointed out!

No question having a board would insulate the swings in policies spewing out of these federal agencies.

HERA was drafted during an emergency financial crisis and the thinking was likely that the conservatorships would be temporary and a single decision maker was needed for expediency.

HERA was drafted with the 5 year Director term and the inability of the POTUS to fire the FHFA Director at will to prevent the extreme shifts from one administration to another, but Collins said that the POTUS has to be able to control his Executive Branch and allowed him to fire the FHFA Director at will.

Bye bye MC. Hello Sandra.

Unless there is some type of emergency the Congress doesn't really act and with little agreement in Congress on anything it might not be passed anyway even if many Senators and Representatives saw the problem and wanted to do something about it.