Fannie Mae-No Politics (FNMA)

[Potty]

Nats, not sure what the big deal about Calabria is. I don;t think he really matters, I think Mnuchin is the one driving the bus -- as long as he stays around then I think RnR goes forward.

A retroactive SCOTUS decisions could seal the RnR, since Treasury then has cover and really has to do something

A Trump loss also means Treasury has to act after election -- and I think Mnuchin does that.

BTW Mnuchin has been the most adept of the Trump cabinet -- (a) he has survived; (b) he has had successes without Trump culling him for being too popular and (c) he continues to advance the FnF process. Pretty impressive in the most anarchic administration in modern history.

At present, the polls are getting worse, and worse, for Trump. Plus Trump keeps trying his old schtick which does not work in the unsettled times. As long as CV 19, and economic prolems, stay around then people will want a unifier, rather then someone constantly tearing things up... So I think odds are for Trump loss and RnR in Novemeber...

But fingers crossed for SCOTUS decision, I bought a little more FMCC pref today since the window is June 15 to July 15. I don't think a SCOTUS decision for just removal at will will take pref down much, but a retroactive decision negating NWS obviously rocket ships the price... We will see soon I hope, plus I don;t want to invest in the market right now at these prices