Fannie Mae-No Politics (FNMA)

[Potty]

You *hope*... Nove/Dec is also...

...just after President goes down to massive loss -- so has no political capital at all

...when economic data will look grimest

...when the recession likely is beginning to bite as stimulus runs out

But, sure, administration will do the Rabbit from the Hat move on FnF, rather than just turn tailing and running -- I would resign in August if I were Mnuchin (tho all the savvy folks have already left...)