Fannie Mae-No Politics (FNMA)

[bcde]

"OMG !@# - Can you actually handle
Calabria's total garbage he's spewing ?"

One thing positive is, there is no bad mouthing by Calabria and Brown.

The way Calabria talks about ending conservatorship and raising the capital, it is very clear that FHFA and Calabria are not the deciding authority to end the conservatorship. There is no way such a big decision will be made by paper tiger FHFA and its Director Calabria. In the last 12 years FHFA has acted as a proxy for the real power brokers.

Decision will be made by the WH and the timing seems to be problem. Probably FHFA and Calabria will be just facilitators just like a bankruptcy court and the judge.