Further Proof: Treasury directly controlling Fannie and Freddie

It is stated clearly in Treasury’s own documents:

“Treasury also has assumed responsibility for the Housing Government Sponsored Enterprise (GSE) Programs, using authority granted under the Housing and Economic Recovery Act of 2008 (HERA). The GSE effort consists of three different programs with respect to the two GSEs, the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Banks (FHLBs).”

http://www.treasury.gov/about/budget-performance/budget-in-brief/Documents/CJ-DepartmentalSummary.pdf

FHFA is a shell agency controlled by the US Treasury.

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