Fannie Mae-No Politics (FNMA)

[DCBill]

Potty--

One never knows who in this Admin is in charge of GSE matters and what is motivating the players?

But, sometimes "a cigar is just a cigar" and all that's happened has supported Calabria, who made very clears his ideological GSE aspirations.

It remains to be seen if the pros in the mix can/will show him where he is wrong?

You can't have the GSEs at full throttle doing what they do best, while they're hamstrung by capital rules which diminish their investor- attraction.

Good news.

In DC, it's never over until the fat lady sings and even then there is time.