Fannie Mae-No Politics (FNMA)

[big-yank]

I view the Ross choice as potentially lethal for the GSEs. I wasn't going to post on this holiday until I saw this announcement. This is he same Ross that founded W.L. Ross's financial empire and chose James B. Lockhart III to be his #2 man. Lockhart may be well remembered by longterm Fannie followers as one of the loudest voices attempting to rein in and shrink the portfolios of Fannie and Freddie in the period leading up to the conservatorship.

JMHO.