Senate confirms Calabria to lead housing finance overhaul

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The Senate confirmed Mark Calabria as director of the Federal Housing Finance Agency, placing the libertarian economist at the center of the Trump administration’s efforts to overhaul the nation’s housing finance system

this week that administration officials have reached out to Wall Street to game out the possibility of privatizing the mortgage giants through a sale.

By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. “He agrees with me, and many others, that action on housing finance reform is the prerogative of Congress, and that after over a decade of conservatorship, it is long overdue,” Crapo added. The seven-page memo lists three conditions for ending conservatorship: Fannie and Freddie would have to hold more capital; the government would have to be “compensated for the explicit and implicit guarantees provided by it to the GSEs or any successor entities in the form of an ongoing payment”; and the GSEs’ portfolios and activities would have to be reduced.

 

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Well, my goodness, what could POSSIBLY go wrong.

disaster in the making

This can't possibly go horribly wrong.

Another libertarian termite that will strip away this agency intentionally in order to egregiously decimate a government our ancestors spent trillions on thru taxes they paid on our behalf. Just never ending criminality has to end.

A Libertarian economist. Of the “Welp, Sucks To Be You!” school of thought.

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