Fannie Mae-No Politics (FNMA)

[YanksGhost]

This is in reply to both your posts last evening. I sense that you are presuming Mnuchin is propelling forward with some massive solution that solves all matters F&F in one fell swoop. I disagree with this outcome and this presumption. IMO, Mnuchin is going to do a quick fix repair job and then get the hell out of Dodge, leaving the heavy lifting for Congress. It's simple, actually.

- Name a complicitor to head FHFA who will rubber stamp UST plans.

- End the SPSPA draws, deeming all money and interest repaid.

- Adopt new capital standards per current FHFA process.

- Leave warrants as an open issue pending court claims and possible S/P elevation until options expire in 2028.

That is how I see Mnuchin's administrative reform. Everything else remains in the congressional arena.