Fannie Mae-No Politics (FNMA)

[Potty]

The wider Trump administration looks as if it is opposed to release -- how else to understand Treasury's lack of action? And legal defense of NWS?

PLUS, of course, the traditional Republicans in congress have long been opposed to FnF

There is a 6 week window for action after the election

Trump looks likely to loss, possibly in a landslide, AND the economy is worsening as early relief actions wear off

The exuberance here looks decidedly odd... I would put the odds of action at most at 50-50... but likely MUCH lower 80-20? Treasury (ie the WH) has shown NO indication they will release these guys -- Calabria is probably more keen but has had to bite his tongue and look like a fool a few times