Fannie Mae-No Politics (FNMA)

[Wise Man]

Mulvaney's abrupt departure, when it's obvious that there's a table of negotiation with Fairholme's attorney, David Thompson, and the controversial hedge-fund manager, Tim Pagliara, is a good sign.
Notice that Mulvaney introduced a bill in 2016 that called for the Govt to exercise its Warrant and the recent WH's Budget proposal unveiled on February 10th has the signature of Mulvaney and it contemplates that FnF will continue to pay dividends to the Treasury the next 10 years, and a TCCA fee hike for new loan acquisitions through 2025, with the amount remitted to the UST during the lifetime of the loan. Today, this obligation to remit TCCA fees to UST ends on October 1st, 2021.
So, clearly Mulvaney was a negotiator and we wanted to exercise the Warrant today in a negotiation with the hedge-funds. A devastated man knowing that he wrecked the U.S. economy under more than $1 Trillion annual budget deficits.