Fannie Mae-No Politics (FNMA)

[RCChristian]

Oh Boy... Maxine Waters time

On Tuesday 10/22 https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=404485

“, Discussion draft that would prevent the Treasury Secretary from selling preferred stock of Fannie Mae and Freddie Mac and require the FHFA Director to provide Congress with 30 days’ notice before making any policy changes [DRAFT]”

So this means Warrants can not be executed in selling SPS which will not dilute commons. This leaves Mnuchin only one choice if this draft bill passes... credit, cancel and write off treasury’s warrants to help release the GSES!!!

if you are unsure about warrants/PSPA - https://www.google.com/amp/s/www.marketwatch.com/amp/story/guid/14A3577A-7BF6-11E9-9CFB-2FC73F3B2940