Fannie Mae-No Politics (FNMA)

[RickNagra]

Great article Navy. Lots of important information. For example recapitalization will involve retained earnings plus private capital plus a secondary shelf offering. That is a given and now we have someone confirming this for us. Also Congress instructs FHFA and Treasury to come up with a recapitalization plan and if it sounds good then Congress simply blesses the plan. All good. However article states recapitalization requires $150-200B for each GSE. Say what ? I thought this was the total amount for both.