Fannie Mae-No Politics (FNMA)

[imtheshadow]

Agreed, Calabria is a non-issue; either he does Trump's bidding or he's gone. Question is how much will Trump sell current shareholders down the river to buy WS/TBTFB election support? In some ways, the en banc decision re sweep is also a non-issue ... everyone knows the sweep would have to end for R&R to happen. So that still leaves new SPS, additional charters (competition), loss reserve, warrants and recap pricing on the table as ways to screw existing shareholders.