Fannie Mae-No Politics (FNMA)

[Potty]

Now we know why prefs went down... market thinks this is not getting done.

First, Calabria is utterly full of crap. If rule was due late March -- as he claimed -- it should have been largely done by this week. Comments are all online. So claiming coronavirus as a delay does not pass sniff test to me. (Director Calabria has no not smelled good for a while, but now I have gone full-Maloni... Calabria looks like a Third Column to me.)

Second, let's start to figure out whether this really will be bullet-proof if administration changes.

Assume the rule comes out last day of May (and I think that is a dangerous assumption given that Director Calabria is involved).. so May 30th

Then has to be out for 60 days for public comment, so that ends July 30th.

When does the APA say that adminstative actions are reviewable by congress? Cos you have to worry about clean sweep by Dems in Nov as worst case...