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  • Comment Detail

  • Date: 10/17/17
    First Name: Glen
    Last Name: Bradford
    Email: globalspeculation@gmail.com
    Organization Type: other
    Organization: None

  • Comment

    FHFA is breaking the law (HERA 2008) by not acting as conservator.
    In 2008, when FHFA entered into an agreement that gave them accounting discretion to force the GSEs to take draws not based on cash need but based on FHFA's ability to erroneously write down their assets it broke the spirit of the law.
    In 2009-2011, when it did just that.
    In 2012, when it entered into the net worth sweep on false pretenses and argues in court that no court can stop it as conservator from running the companies dry.

    I just wanted to make you aware, if you aren't. You should read the law and how what is currently happening and what has happened basically bends the law over and rapes it.

    Thanks for suspending capital classifications to do it while you're at it.

    Please stop breaking the law. Thanks!