Fannie Mae-No Politics (FNMA)

[Here I am]

Yes, but you miss why both said that. It was Senator Reed who uncovered the big lie when he asked Mnuchin: "Isn't it because you are taking their profits away?".
Mnuchin and Calabria didn't know where to hide.

I heard Mnuchin's comment exactly like you did. He said the GSEs were incapable of functioning without the GOV's support. And Calabria says he "can't sleep at night" because of the scant $3 B capital buffer against a $5.5 T portfolio.