Fannie Mae-No Politics (FNMA)

[imtheshadow]

Without pressure from a court decision (or the discovery docs), I don't see anything that truly pressures the gov't to take action. FnF are already in cship, their capital is already way below prudent levels and the market knows the gov't backstop is in place if another draw is needed. If those factors were not enough to already force action, what difference would another draw make, especially as the gov't has both the NWS and warrants to protect their "investment" on behalf of tax payers? And, unfortunately, there may be factions that want another draw to force an outcome that preserves FnF while wiping out shareholders.