Fannie Mae (FNMA)

[RickNagra]

It's funny that you mention that. I just got back from lunch at Costco with Mnuchin. We split a $1.50 hot dog and drink. We had a long and thorough discussion about the GSE's and here is how it went :

Rick : Thanks so much for joining me Mr. Treasury Secretary here at Costco for a hot dog lunch. I know that you are really busy.
Mnuchin : It is my pleasure Mr. Whaleballs. I have heard much about you and the important work you do for Fannie and Freddie. I have read all your informative posts and rest assured everything you have said will be taken into important consideration during the GSE release from conservatorship.
Rick : Thanks so much. My work at the WhaleBalls Institute is never done. I have a patent pending algebraic algorithmic algorithm I am working on. And now what is the master plan regarding the GSE ?
Mnuchin : Let me be very clear. The GSE's provide important liquidity to the secondary mortgage market. We must preserve the 30 year fixed. At the same time we must protect the taxpayers. This administration remains committed to getting Fannie and Freddie out of government control. It makes no sense. { Insert facial twitch }
Rick : Well that was great. Thanks for your time. I will relay this information at once to all my friends over at iHub.