Politics

Fannie Mae: Who Doesn’t Have Access To Protected Information?

Fannie Mae: Who Doesn’t Have Access To Protected Information? by Todd Sullivan, ValuePlays

Peter Chapman has been kind enough to update this chart for us. I think it is pretty obvious why we are hearing the chorus grow louder from various corners (even al Sharpton weighed in today) to release Fannie Mae and Freddie Mac from conservatorship. What this growing list of people have seen in these documents paints a far different picture that what the government would have you believe.

Additionally, we are seeing the conversation on Fannie Mae and Freddie Mac’s changed from a “fiscally responsible” one the a “class” one.  The GSE’s have gone from the “poster child” for the housing bubble to the best change for the poor and minorities to own a home. That switch, makes a vote to do anything with them other than keep them a vote against minority/poor homeownership.  NOT a vote someone makes in an election year

Fannie Mae: Individuals With Access To Protected Information In Fairholme v. U.S., Case No. 13-465C

I’ve maintained the administration can make an election year splash by releasing them from conservatorship. He can:

1- make the taxpayers billions

2- make shareholders whole

3- stop what will be an embarrassing litigation

4- boast of the effectiveness of government action

There are probably more that those are what I’ve been saying……

Fannie Mae: Who Doesn't Have Access To Protected Information?