Fannie Mae-No Politics (FNMA)

[FOFreddie]

Good Point Rumple. Based off of comments from Secretary McNuchin and Governor Powell I totally agree that this was a well thought out resolution and agreement between all three entities. It shows how important the GSEs are to our financial system and housing markets. With all the money going out the door I would imagine that the Fed, UST and FHFA are even more motivated to get private capital invested with FNMA and FMCC as a first loss position. Of course there is risk but the return will be an attractive dividend yield. Also -
probably more of a reason to be fair and principled in treating all stakeholders including JPS and public common in the resolution of the recap