Fannie Mae-No Politics (FNMA)

[kthomp19]

Some (in my opinion) significant news:

$FNMA $FNMAS Fannie Mae Names Sheila C. Bair as New Chair of the Board of Directorshttps://t.co/CmADoS8jAf

— InvestIt (@FNMA_RRR) November 4, 2020

Fannie Mae Names Sheila C. Bair as New Chair of the Board of Directors

It looks like Sheila Bair isn't going anywhere any time soon. She's the one who thought Calabria's capital standards were too low.

And by 12 USC 4616(b)(5), as long as Fannie has less than $89B in core capital shareholders wouldn't be able to vote her out even if the conservatorship ends.

It's not all bad, though. The press release does have comments from Jonathan Plutzik (outgoing board chair) and Hugh Frater (CEO) about exiting conservatorship.