Fannie Mae-No Politics (FNMA)

[YanksGhost]

My research on ACG Analytics reveals a far different view than yours and your allegations of their inside track with Treasury and FHFA. ACG's primary business is selling policy impact opinions to fund managers for investment purposes. They attend an extensive conference schedule reaching well beyond the Beltway, comb the Congressional record and agency data to provide an informed, broad-based view of coming governmental actions.

I do not believe Gaby or anyone else at ACG has ever had a one-on-one insider's conversation with Treasury or FHFA, other that an open mike Q&A at some industry rubber chicken luncheon symposium. Their "inside information" seems to be what their fund client base may glean from political connectivity.

I'm not saying ACG is a bad house or their conclusions are lightly considered. Based on their size they connect a LOT of dots from a LOT of data points and seem a well disciplined group with sound insight. But to say they have some "inside track" from the horese's mouth is naive, IMO.