Fannie Mae-No Politics (FNMA)

[nats1]

I sincerely believe the guy is being as transparent as possible and has the best interest of the housing market/housing finance system as a whole. He is the right person in the right place at the right time. His background is largely as a policy wonk and helped draft HERA. He is not coming at this from the standpoint of the wall street crowd. And he said last night that he is willing to listen, is not perfect and knows he will make mistakes. During the meeting he expressed several times that the housing market is cyclical, these are clearly the good times and he wants to prepare for the times when things are not so good. He's being hit on all sides - by wall street, congress and the courts - including waiting on possibly the Supreme Ct that will limit his term to a lot less than the 5 years he is counting on to get his plan executed. That's why I think last night's statements on a possible capital raise in 2020 was important.
For us stockholders, he may be the focus of everyone's criticism and impatience - but given all the limitations and the importance of what he is doing - I think he is on the right path and really appreciate the job he is doing.