Fannie Mae-No Politics (FNMA)

[big-yank]

Trump can fire Watt on January 21, 2017. That is, if has has not stepped down of his own volition prior to that date. Conservatorship can end on that date and then the task falls on Treasury and Mnuchin to deal with the rest. Could take a few additional days or weeks to occur, but Trump does not have to await Mnuchin's confirmation to get the process underway.

This will be the first giant step in restoring the GSEs to private ownership and begin the process of restoring healthier share price valuations for everyone, including the government's warrant position if it decides to pursue a Maiden Lane style sale and recovery.

JMHO.