Replies to post #785325 on Fannie Mae-No Politics (FNMA)

[Patswil]

That’s the same preprogrammed BS response that everybody from this administration has given for years, also any previous administration too

[Guido2]

@WarrenDavidson @FinancialCmte @USTreasury & @FHFA didn't ask for Congressional permission to:

1) Put @FannieMae & @FreddieMac in "temporary" conservatorship.
2) Swindle $301 billion of their equity.

Why is @SecYellen Now waiting for Congress to act?https://t.co/Bj773Hytku

— Guido da Costa Pereira (@GuidoPerei) February 6, 2024

[skeptic7]

Everyhing is DJT's fault. Notice how Yellen jumped to add in that it has to go thru congress? She's simply unqualified for this job.

[EternalPatience]

Yayyyy .. I am so excited.

I heard the Treasury secretary say the letters GSE... Euphoric...
Elation
Jubiliation
Ecstasy
Joy
Happiness
Euphoria
Heaven
Exhilaration
Delight
Pleasure
Bliss
Enchantment
Fervor
Gladness
Rapture
Paradise
Ravishment
Trance
Transport
High spirits
Ebullience
Zest


I dont care what she said, she knows us.. she knows us.. Yayyyy.. That will make me wait patiently for 3 more years

[Wise Man]

That "overdue report" was submitted to Congress on February 2011, at the request of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Rep. Davidson was referring to a report required by Goldman Sachs' Mnuchin at the UST and Calabria, in the flawed January 14, 2021 SPSPA amendment: "Capital Reserve End Date", etc. Adjusted Capital Reserve= $0, and an invalid capital metric in FnF.
Obviously an attempt to supplant the prior mandate by law for the release from Conservatorship: a 3-option Privatized Housing Finance System revamp. Increase the guarantee fees, etc. Wind down their Investment Portfolios (Charter-barred PLMBSs) funded with low cost bonds thanks to the UST backup of FnF, etc.


A showdown Congress versus FHFA and UST is brewing.

SHOWDOWN
Rogue UST didn't purchase even 1 security to skip the prerequisite in its 2nd authority(Charter Act)
1-Warrant to(iii)protect the taxpayer(collateral)
2-SPS under(i)(ii):It dodged the Dec2009 deadline.
FnF aren't ordinary businesses(UST backup)#Fanniegate @TheJusticeDept https://t.co/kPMDg1PU9o pic.twitter.com/soUCur44KI

— Conservatives against Trump (@CarlosVignote) February 6, 2024