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  • Comment Detail

  • Date: 11/05/21
    First Name: Don
    Last Name: Granstaff
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB17

  • Comment

    THERE IS NO LEGITIMATE REASON TO CONTINUE HOLDING FANNIE MAE AND FREDDIE MAC
    IN CONSERVATORSHIP.

    1. The definition of Tyranny is cruel, unreasonable, or arbitrary use of power or control.
    2. The definition of Conserve is to protect from harm or destruction.

    Based on the past 13 years I believe the first definition is more applicable to what has happened with FNMA and FMCC. Looking at the most recent third quarter earnings report from Fannie Mae and Freddie Mac, it is hard to see why the longest conservatorship in history should need to continue. Both reported strong earnings and increasing capital. As it currently stands, neither company would require a dime from the government to get through a repeat of the 2008 financial crisis.

    Why are these companies not released? What is holding them in conservatorship?

    Thanks to something called the Net Worth Sweep the government gets to keep 100% of Fannie & Freddie's earnings and equity – in perpetuity! Again how is this CONSERVING these companies? Fight against Tyranny and the unreasonable use of power holding these companies hostage. It is unAmerican and unConstitutional!

    Please help free these companies!
    1. Appoint a permanent FHFA director.
    2. Junk Calabria’s Enterprise Capital Rule and propose a new one.
    3. Declare the government repaid in full.
    4. Settle all outstanding lawsuits.
    5. End the Conservatorship!