Fannie Mae-No Politics (FNMA)

[MLAT24]

I’ve been running through various bearish scenarios. Could Yellen do nothing and then set a mechanism for raising the cash herself via Congress when she has a willing FHFA director? What’s to stop a Democratic Congress from appropriating the capital needs as part of a stimulus bill? Gotta figure lots of interests trying to figure out how to restructure to sweep all the profits again.