Fannie Mae-No Politics (FNMA)

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"It is up to Treasury to determine how existing shareholders are treated, Calabria said. He reiterated that his focus is on ensuring Fannie and Freddie raise enough capital to survive another downturn."

When FHFA Director makes such a statement, he is making it very difficult for Trump Treasury to play hard balls with shareholders like previous Treasury did.

Obama Treasury is already in legal trouble for the statements made by Tim to hurt shareholders' interests and starting NWS to drain FnF capital.

Treasury as a controlling party under SPSPA has fiduaciary duties to non-controlling minority shareholders. Treasury can not claim immunity under 4617(f) like FHFA. Treasury has to be fully compliant with very broad APA regulations.