Fannie Mae-No Politics (FNMA)

[GZGZGZ]

After markets close on Friday?

The GSE fiasco/swindle continues.

Treasury states an announce will be made at the end of the fiscal year regarding a check on the NWS, however increasing the Treasury's "liquidation preference".

The proposal is disingenuous on two counts:

1) while permitting the Twins to increase its capitalization, Treasury also increases its SPS. It is very close to a zero sum gain.

2) Treasury professes that it does not want to disrupt the market by making the announce beforehand, but will wait until the last second to do so.

Well, Treasury has already disrupted the market by putting the announcement off. We've seen common shares drift lower and lower since Monday.

The 2019 fiscal year ends September 30. Fiscal year 2020 starts Oct. 1.