Fannie Mae-No Politics (FNMA)

[mrfence]

That's right. Munchie says they'd have to have a lot of capital. Something between what they have now and the new cap rule then they'd release under consent decree. They're talking about it and he hasn't made any decisions. So what Munchie didn't say is most important. He didn't say there's no reason to talk about it because they don't have enough money. Obviously they're entertaining the concept that the GSEs are about to come up with $$$$$$$ and there's only one of two ways that might happen. 1 overnight SCOTUS decision complete with remedy 2 Settlement mooting the case for remedies after a public beat down of the Government by SCOTUS next week. Conclusion... They're (Munchie and Squid ) prepared for both outcomes and will set their plan into action after the SCOTUS hearing because they follow the rules of law