Fannie Mae-No Politics (FNMA)

[Unhombrealado]

Mnuchn is too cryptic on his message. Out of govt control could mean a multitude of things. The biggest takeaways for me from the last month:

- Corker acknowledged shareholders when talking to mnuchin, means someone has been pressuring him to take us into account

- the govt is counting on income from FnF one way or another for the next ten years, so theyre not going anywhere

- draw is smaller than expected by a billion dollars. This one is particularly curious because you’d have thought that mnuchin would have had accurate numbers to report for the budget