Fannie Mae (FNMA)

[Fully Diluted]

Hello, folks,

tomorrow Mnuchin and Calabria will be questioned before the Committee On Financial Services as to what they think about reviving Corker's Jumstart Act and requiring Calabria to provide Congress with 30 days’ notice before making any policy changes.

Mnuchin could say that tomorrow:
Dear Chairwoman, I am committed to working with Congress. But at the same time, it is my responsibility to comply with the President's directive and end the conservatorships of Fannie Mae and Freddie Mac. In order to end the conservatorships and reduce government's role in housing finance, it is imperative to make changes to the SPS.

Calabria will probably say something like that:
Dear Catwoman, uh... sorry... you know my cat Sheila had stomach upset this morning... well, sure, I totally agree to cooperate with Congress.

The show starts at 10:00. To be seen live here.

GLTA