Fannie Mae-No Politics (FNMA)

[Potty]

Donotunderstand, when pref owners get a chance to choose between converting, or possibly take some cash offer of lower level, or continue to hold without divvies, then they have to judge whether the common is worth the risk to get the upside

That is going to depend on many, many factors about the wider deal for FnF and wider factors both economically and politically

I personally think Bernie beats Trump in a landslide, I think latino and African-American turnout will be huge, so how firmly can Mnuchin/Calabria lock in the framework they introduce is a very big consideration? Cos President Sanders will not be sympathetic to any deal they do

Sanders will also fire Calabria on Day One and by that time SOTUS will have ruled that he can do that -- question is whether Calabria and Mnuchin want to get something done, or just plan for their post-Trump careers with Mnuchin back in SoCal and Calabria back in the bossom of the tin-foil hat wearers at the Cato and Heritage Institutes gabbling on in presentations no one gives shit about

One wonders at this point what Mnuchin is up to, and I am VERY impressed it has not leaked like everything else from this WH. If they really are going to do the RnR, then you don't want the oppoisition to mobilise so you get it close and then BAM! do it...

Maybe you get an FHFA Director with little remaining credibility trail what is coming... Let us hope.