Fannie Mae-No Politics (FNMA)

[Potty]

Layton lays out 5 year plan? Calabria wants to assure tenure to see it out?

Well, all the yammering of preferred birdies here about quick plan, but now we find ex-ceo Layton saying a 5 year plan is safest and doable

So, 4-5 years of retained earnings, establishing track record of safety and consistency, then re-ipo

At that point, only a small offering needed -- how do those common look now? Oh, and by the way, no dividends on preferred for 4-5 years?

But doesn't the government have to settle with preferreds? Well, en banc ruling ending NWS and the SPSA will resolve the lawsuits...

We then see why Calabria wants to have tenure -- and not be dismissable -- since he wants to safeguard the process

...what a shockingly different narrative than the one the paid birdies have tweeted here for the last year LOL