Fannie Mae-No Politics (FNMA)

[Sogo]

Option2 makes sense. You nailed exactly what I was thinking: the TIME aspect is crucial in the POLITICAL equation here. That means that a simple retaining of the NWS payments will build capital but...will it be a fast enough process to avoid a draw from treasury? I'd say that'd be uncertain at best.

I hadn't thought of option2 but it does solve that timing aspect of the political equation. We see zero evidence that DC is interested in option2. I fear congress will slow things down to the point where a draw is a real possibility.