Fannie Mae-No Politics (FNMA)

[camacho]

ok then. What is more, from an investor perspective, the more intact the GSE are released in a classical sense the better. As such, they retain legacy standing when released they can defend themselves and hit the ground running.

If Calabria makes them bhc cos and sends them into the wild, even with 8pc capital (which the mere overhang for shares is a huge drag) Wells and JPM win in the long run anyways. After years without lobbying, fnma and fmcc, would be like the new guy in cell block C automatically bullied around and Calabria the warden would shrug this off as 'competitiveness'.

Lastly, in the white paper, he references the opportunity to sell the preferred shares. In other words, he does not take issue with that action making him one of 'those types'.

but, sure, sell the preferred and let's get this farce over with. just dont change anything else for crying out loud.