Fannie Mae-No Politics (FNMA)

[FOFreddie]

Agreed - there should be a large derivative claim settlement and the UST can get 79.9% back via the warrants. Congress is not going to do a cram down as part of a Baby Build Back Better Affordable Housing bill. Freddie shareholders in particular have too good of a case to walk away for a buck. UST needs to settle if there is going to be any near term legislation. Give Brydon Fisher and Michael Kelly their deserved wins and do a large derivative settlement.