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  • Comment Detail

  • Date: 12/22/14
    First Name: Chris
    Last Name: Roberts
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AA73

  • Comment

    FHFA should not support the Housing Fund(s) while in Conservatorship. The "taxpayer" needs to be paid back first! When and if the FHFA has determined the "taxpayer" has been paid back, then the companies should be released from conservatorship.

    Then, funds should be used to establish a clear capital buffer for the GSEs to remain safe, sound and solvent.

    Then, the shareholders (80% to taxpayer and 20% to original shareholders) should determine whether there are excess profits to distribute.

    This action by FHFA is a clear violation of the mandate to place the companies in a safe, sound and solvent condition prior to either a release from conservatorship, and if this can not be accomplished, to place them in receivership.

    Giving Christmas gifts when your credit cards are max'd out is not a prudent course of action.

    Sincerely,
    Chris Roberts