Fannie Mae-No Politics (FNMA)

[lushka]

Great job! This article is a well written accurate summation of the events. The key here is the issue of the "revolving TBTF banks and government revolving door and politician support (i.e. Wells Fargo/Corker relationship as an example) , with the goal of eliminating the GSE's and giving the "lucrative " business to the Big Banks. Obama , I would interpret played this desire carefully as to not rock the boat with the Big Banks ( perhaps in exchange for a more cozy "retirement") and at the same time obtain the needed funds for his agendas ( i.e. Obamacare as an example) , leaving it to Hillary to do the dirty work and finish the job Paulson and team set out to do. But whoa along comes President Trump. So the question begs ...How does he stand? Given they can't continue to leave things indefinitely in limbo for another 4 years, he must either sell out to the Big Banks ,back Corker and Warner, and support the MBA proposal and revolving door lobbyists , for an ultimate and probable personal rewarding move for his he and his family or choose to help his middle and lower class constituents , small banks, future home buyers, and likely the taxpayers while supporting a reform, recap and release. As Ackman and others (i.e. Moelis plan) have pointed out , there a considerable revenue potential for the government in the latter approach