The myth of GSE release

“(FHFA) Director Calabria seems more interested in crippling the GSEs operationally than making a release from government control truly possible.”

Christopher Whalen may be indulging in a bit of psycho-analysis, but if you take Grover Norquist’s quip about getting government “to the size where we can drown it in the bathtub,” and substitute the object of affection with Fannie Mae/Freddie Mac, you’re likely close to the good director’s world view.