Fannie Mae-No Politics (FNMA)

[Potty]

Rek, I was not criticizing, I appreciate that you think the longer timeline is just the way it is

I also appreciate the role of HERA. IF Bush admin had gone the BK route, then we as stakeholders would be toast. OFC they could not go that route cos the Chinese, Japanese etc states were holders of the bonds -- and would have been outraged at a BK.

Instead, we got the botch-job that is HERA PLUS the bastardization of it by both Bush and Obama administrations. I agree that HERA is the root of all the legal tangles -- or the Bush and Obama interpretations of HERA are...

On incentives of Trump admin:
(i) Settling lets them end-run congress to get FnF onto a course to being government-free (my idea is you set them off in that direction through settlement such that Congress just has tidying-up legislation to pass...) and this avoids congressional quagmire;
(ii) Trump gets credit for "fixing" housing in first 6 months/ 100 days;
(iii) Trump allies get payday which pays off campaign commitments;
(iv) Trump gets deep pocketed backers for next campaign;
(v) the availability, and cost, of 30 year mortgages is lowered giving a boost to the Trump voter base.

There are more, but I think Trump has quite a few reasons to get this down fast...