Fannie Mae (FNMA)

[Sogo]

Ok i remember that exchange. Mnuchin was saying that shareholders would basically be taking a first loss before any gvt guarantee would kick in. He was not necessarily saying in those few quotes that the ultimate reform of the GSEs would be done in such a way as to wipe out shareholders.

I don't think he is married to shareholders. Don't get me wrong. And it's disturbing to see him so open to Corker's suggestions. But at least he didn't say he wants to actively wipe out shareholders, as Corker has basically been saying.