Fannie Mae-No Politics (FNMA)

[skeptic7]

.... Summary .....

--- No permanent FHFA director has been chosen by the Biden administration
Are you kidding me? Does anyone honestly think that will be addressed by the new director if dopey actually picks one?

--- Fannie and Freddie continue to retain earnings on their path to exit conservatorship.
They also continue to retain earnings so that the NWS can be re-instated, if you think that the NWS will be second fiddle to c-ship exit then you're not trying very hard

--- The balance sheets of Fannie and Freddie need to be restructured in order for Fannie and Freddie to attract capital to exit conservatorship faster.
No serious investors will put capital towards them UNTIL they are out of C-ship, they won't be the experiment to see IF their capital gets them out. Please.

--- Restructuring the balance sheets unlocks immense value ($25-150B) for the government whereas right now it isn't getting money out of its investment in Fannie and Freddie.
Don't fully disagree with this but have every confidence the status quo suits them fine.