Fannie Mae-No Politics (FNMA)

[kthomp19]

not sure about this political black eye from SCOTUS - any such ruling comes in Biden term right?

Probably. Though that gives even a Biden administration a reason to settle, which would need to involve not completely screwing over the companies.

I don't think Biden will be hostile to recap and release, but it's not a certainty.

Mnuchin waits for SCOTUS Ruling means the admin action is over under Trump right?

Yes. If Biden's term starts and the seniors/NWS thing isn't resolved, I wouldn't count on it happening any time soon. That's the bear case here, and most likely a large part of the reason that the prefs aren't much above 25% of par.

The tax cut was supported by the Republican Congress and so was passed by the people’s duly elected representatives to benefit ALL citizens...

The other side of the aisle surely disagrees. The 2017 tax bill passed even though zero Democrats voted yes. The ACA in reverse, if you will.

Ramming things through like that only serves to make the other party more recalcitrant, though it's hard to imagine how much worse things could be in that regard.

Anyway, I will see where SP goes and what cash I have in Oct, then I will decide...

Can't blame you at all. I'm still holding for now because I think there could be short-term catalysts, along with me not being confident enough in other investments to take the plunge. I wish you good luck in your other investing endeavors.