Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Is anyone going to discuss the upcoming CECL issue that $FNMA and the GSEs are soon to face?

This was brought up by the CFO on today's conference call. It sounds like the GSEs will again need to draw on the Treasury's commitment once the new accounting practices go into place.

I wonder what Calabria will want to do if the GSEs need a "Bailout" under his watch as Conservator and/or Regulator.

We need to discuss this openly as it doesn't look good at all. How are they going to raise capital with a massive accounting write-down on the horizon as well as another bailout?