Fannie Mae-No Politics (FNMA)

[WB_fan82]

The last time Dems held the white house, the head of the FHFA was a senator who knew little and actually did even less. They don't care about capital at the GSEs.

Calabria actually does care. And he actually does know what he's doing. He's the best guy for the job of recap and release, he's just working slower than we would have hoped. The ultimate capital levels aren't really important, anyway. No matter what they are, they are easy to fill if Treasury is cooperative.

Anyone who wants MC out, be careful what you wish for...