Replies to post #760191 on Fannie Mae-No Politics (FNMA)

[kthomp19]

Why did all previous administrations refer back to congress?

Not all of them. Calabria specifically said that it was his job to get FnF out of conservatorship without Congress.

The Obama and Biden administrations (Watt and Thompson) said they won't try to release FnF without Congress. So I guess you were 2/3 right?

So how much faith do you have in the current HERA law and all the NON-LAW BS that was added through the ages? ( MQD self dealing amendments and letter agreements anyone)

You saying something is illegal does not make that true. The NWS was upheld as a valid act of a conservator (i.e. fully legal) by the Supreme Court. All the other stuff is peanuts compared to that.

Biden can not release, even if HIS lacky treasury and FHFA heads get behind him. Why? Congress will expedite a law so fast, as your head can spin to stop the administrative move.

Huh? If Biden wants FnF out of conservatorship he would veto any law Congress passed to block it. Do you really think Congress could get a 2/3 majority in both chambers to override a veto??

I gurantee you the current congress probably, most likely, has legislation ready to go at a moments notice if Biden, treasury and FHFA try to release without the current Congress okay.

Political conspiracy theory drivel. Republicans in Congress have already been pro-release as evidenced by their letter to Thompson over the LLPA adjustments. They control the House and won't try to block release.

Ignoring the current politics and DC dysfunction will have detrimental affect on ones investments. Thinking you have the market cornered on all political and law variables and varriances is bull-pucky.

This is just more "nobody knows what is going to happen so there is no such thing as being right or wrong about it" horsecrap.

The laws matter. The Supreme Court said the NWS was legal, which means FHFA and Treasury have been following the law all along. Maybe not your interpretation of it, but too bad.