Replies to post #813364 on Fannie Mae-No Politics (FNMA)

[JSmith5]

Who the hell is going to sit on the other side of the table across from the Secretary of the Treasury to sign all these agreements?"

From the FHFA website::

As conservator, FHFA has the powers of the management, boards, and shareholders of Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac continue to operate as business corporations.

FHFA is responsible for the overall management of Fannie Mae and Freddie Mac and has informed the Enterprises which decision-making functions should be performed by the Enterprises' boards of directors and/or management teams. The boards and management teams must consult with FHFA and obtain conservator approval as FHFA directs. Overall, the conservator has ultimate authority over all operations of the Enterprises.

If that ain't reason enough for you - go back and look at the posts talking about Ackman's meeting with the NYSE - they say pretty much, that if the FHFA says they can relist - they will relist them.

I would let them be for now. The last thing we need is another disruption at this time.

Nats