Fannie Mae-No Politics (FNMA)

[whipstick]

While I appreciate your skepticism, I assure you in this instance it is misplaced.


Regardless, I just don't see how the Moelis plan works. Who is stepping into what the commons or pref got handed the last time around?

No one supporting the Moelis plan has been able to answer this.

This is THE rub. No one in the 'private' sector is going to look at the facts of how the government acted and want to get in bed with them.


That's it. How do you get comfortable with the Moelis plan that assumes some greater fool is going to show up?

I can't see it.