Fannie Mae (FNMA)

[matmlg]

The FHFA placed a bet that tax reform wouldn't pass and the companies wouldn't have to write off their DTA resulting in a quarterly loss. They lost that bet. That pos Mel Watt was driving that car, as he put it. He is solely responsible in my opinion. He alone could have retained the capital. Interesting to see how he answers for this and if he does I'm fact take the fall