Fannie Mae-No Politics (FNMA)

[big-yank]

My point was and is that large Form T transactions at the end of a Friday session do not create a concern for some meltdown at the beginning of the next session. The November 4 FNMAT trade did no such damage. And I suspect the FNMA trade yesterday will be a similar non-event.

News moves Fannie Mae shares. The election did so. And the comments by Mnuchin did so, all over again. An arranged trade in a Form T transaction is not news. I have little concern for Tuesday's open, unless there is further news.

Happy New Year.