Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Factual question

Did MC stop the NWS day one? - That is not my memory - Indeed I thought under Watt - Mnuchin (who I view as 200% of the control in all events) - SM had agreed to a Watt request to hold back 3B a year or whatever ---- some amount pre MC

Did MC change that deal day one ? - That is not my memory

And if the GSEs get back that money ---- do new IOUs get written to increase the LP ---- I ask - as best I understand (from news and here) is that every penny kept by F and F - as cash - UNDER THE MC FORMULA - came with F and F writing an IOU of same amount to increase LP

So is a return of money going to come with a similar increase in LP - identical to MC rules

Asking - not in front of the court !!! === but to keep expectations real as its not that clear such money is FREE and CLEAR and not just a smoke and mirrors trade for increased obligation to Treasury (Which is what I believe MC created --- like a BS -- cash on one side grows and liability (LP) on other side grows --- movement to the green is zero