Replies to post #769884 on Fannie Mae-No Politics (FNMA)

[LuLeVan]

But why then do Mike Calhoun and Lewis Ranieri propose that the government's stake in FnF could be sold (after recap/release) and the proceeds could be used for affordable housing (link below)? Does this only apply if Democrats have a majority in the House and the Senate?

https://www.brookings.edu/articles/government-sponsored-enterprises-at-the-crossroads/

Or can they - once again - bypass Congress by funneling the proceeds of the stock sale to FHFA, which can spend the money as it pleases because it is not constitutionally funded?

As we know, it also worked out great with the money from the NWS, which was used to cross-finance Obamacare.

"Biden would not get the money. That is not how the government works windfall or not. Expenditures are authorized by the congressional budget process.