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  • Comment Detail

  • Date: 11/17/21
    First Name: Rodney
    Last Name: Fernandez
    Organization: N/A
    City: N/A
    State: N/A
    Attachment: N/A
    Number: RIN-2590-AB17

  • Comment

    The FHFA regulator overseeing Fannie Mae and Freddie Mac proposed changes to recently imposed capital and leverage requirements: The proposed rule would encourage shifting risk from taxpayers to private investors. To shift risk to private investors the companies have to get out from under government control.

    Deem the senior preferred to be fully paid, cancel the liquidation preference, cancel the warrants, and release them; risk to taxpayers gone. If the FHFA / Treasury are determined to keep the companies in perpetual conservatorship pay the Shareholders fair market value compensation, under the law of the 5th Amendment to the U.S. Constitution. It’s wrong for the regulator to continue on this path; it’s becoming a Nationalization not a Conservatorship.

    How many more years will this prison sentence continue??