Fannie Mae (FNMA)

[whipstick]

Here?s a hypothetical question: What if the government is still closed when Fannie Mae and Freddie Mac report fourth quarter results and they need a cash draw (because of their deferred tax asset hit) that swamps the $3 billion in retained capital they?re allowed to hold? Will Treasury?s skeleton crew of workers fill the void or will the GSEs be in a negative net worth position? And if they?re in a negative net worth position, will investors in their MBS even care? Something to think about?

oh Paul - you fear mongering idiot.