Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

CRPs already done? And SCOTUS vacates the entire NWS and has Treasury repay $124 billion to FnF. CRPs can be amended with FHFA. FnF want 5 years and any raise does not require it to be front loaded to “protect taxpayers.” More bridges too far ...

BTW, Calabria won’t be there in 6 months. Any CRP plan can be changed. Maybe the Cap Rule also gets changed. No cap raise until Scotus rules and really no CRP should be done until all legal issues are settled. A PSPA does not moot the possibility of adjudicating the whole conservatorship, or at minimum the NWS, and any potential damages.

Once Calabria is gone all CRP plans are off the table.

Trump losing and Covid are the larger issues. And Ackerman is a waste, but the quotes from Mnuchin in front of the house fin committee were pretty clear. We watched them like you should’ve on CSPAN. It isn’t Ackerman’s article, where the garbage of his article is at the beginning. The ending is essentially a full, verbatim record of what Mnuchin said to the house committee. And I still believe Mnuchin has control over everything as he can amend the PSPA any way he wants to make it irreversible. It is just a contract and FnF are already party. Any future amendment could be contigent upon FnF’s agreement. Nice try again ...