Fannie Mae-No Politics (FNMA)

[Fully Diluted]

Hello, folks,

In my many years here on the board and in Germany I have experienced days like this many times:
There is good news coming, which I also present here as such, but the share price is falling sharply and I find myself in need of explanations. So be it. Because if I remember correctly, the following days were always really up.

Senator Crapo, Chairman of the Banking Committee, gave Calabria and Mnuchin the green light today! He could have also said that they shouldn't take any steps without Congress, - just like it was always heard in the past, even from Crapo. And he could have also said that he would bring a law to prevent the Secretary of the Treasury from changing the status of the SPS, - as it happened twice before: GSE Jumpstart and its extension, which failed.
But he did not. On the contrary, he called on Calabria and Mnuchin to end the "unacceptable" status quo of Fannie and Freddie! I never expected that. But here, the Republican in Crapo obviously comes out.
By the way: The chairman of the FED, Powell has also spoken out in favor of Fannie being free again. Because he welcomed private capital that Fannie should build up over a longer period of time to protect the taxpayer.
Really: Things could hardly get any better. Longer time means less dilution for our shares.

Conclusion: Share price down, but Fully satisfied. The target line has come even closer today. Our political opponents today gave in, knowing full well that they lost. Opposition from Senator Warner? No response! And from Senator Crapo? He is now suddenly an ally - at least in spirit.


GLTA ...and hang in there strongly