Fannie Mae-No Politics (FNMA)

[jeddiemack]

No change.

I've watched Fannie and Freddie retreat the past week in line with the overall market. And a little worse overall. But, in my view, nothing has changed relative to their situations.

Sure Mary Blah Blah came out with an idiotic statement and the fhfa did as well; they both stated the obvious. AS is right now with no change fannie and freddie would have a hard time accumulating capital. Gosh, wonder why? As for the fhfa; they've now admitted that the money was lent was never needed by the reversals of the over zealous accruals and reserves. Need some finger prints or dna to make the charges stick?