Fannie Mae-No Politics (FNMA)

[obiterdictum]

If you read obi's earlier post, it seems that 79.9% ownership invokes no balance sheet risk to government for push down accounting. I will say that I seem to recall the House Budget Office disagreeing with the roughly equivalent position put forth by the White House Budget Office that emerged under Obama's term of office.

If I remember correctly, their CBO view was that a 100% sweep of the GSEs income made them 100% government agencies and, as such, their metrics should be included in the Federal Budget.

Then again, I am constantly reminded that I am wrong about everything, so who knows?


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