Fannie Mae-No Politics (FNMA)

[Potty]

Holy cusp! How many cusps have you been on the verge of in seven years?

Have you ever heard of learning from past experience?

... no body is on the verge of nothin' as they say where I am from.

Biden has other fish to fry for the remainder of his term -- no extra political capital or goodwill to lavish on FnF.

But more importantly, rather than a Fed put, there is a SCOTUS block here. The conservative majority on SCOTUS have bought the government narrative (cf Alito!) and they will sign off on no remedies for "hedge funds", aka holders, in the future. Any ruling in any lower court gets appealed by government to SCOTUS, then down it will go...

This is purgatory, trade the stock, trade the preferreds, but there are no remedies, and no relief, coming -- so no cusps you can be on the verge...