Fannie Mae-No Politics (FNMA)

[bcde]

"Seems the insured MBS in central location works better and its what we know but I do think he knows the business - he just hates it and has so written many times"

It is about $10T business if one considers non FnF MBS.

Economist Calabria without any financial experience, is basically saying that all those whose invested $10T in MBS know less than him.

If Calabria truly believes in Bank model then Calabria should not have become FHFA Director.