Fannie Mae-No Politics (FNMA)

[10yrsholding]

I actually think the jps carry higher political risk than the commons, per my earlier post.

The monetization of the commons are less path dependent from who is in the administration in 2021.

That said, I am not saying the commons are the better play. I just think we jps holders are more affected from Trump losing.

I don't think its an all or nothing from the elections, but I do think it put some pressure on the litigating jps to settle for less and the upside outcome gets capped a bit. (Commons still obliterated...)