Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

The next Administration won't do any can kicking. They'll go full-blown nationalization and make sure the GSEs never escape Conservatorship.

Even with a positive SCOTUS ruling, the Judges can't force Treasury to write-down the Sr. Preferreds.

So, the Biden administration will continue to take all of the GSE's profits and use them for their pet projects.

Let's hope Mnuchin and Calabria are ready to act. Otherwise, everyone will soon find out why this trade is called The Widowmaker.