Fannie Mae-No Politics (FNMA)

[MannSinger]

Watt-It takes 2 to tango-meaning No to stopping NWS

Mnuchin could not have stopped NWS alone because FHFA director Watt had to agree with that. He openly said, "It takes two to tango". That was open threat to not work with Mnuchin in stopping nWS.

MC/Mnuchin needed to increase net worth of GSE to have any administrative solution for realistic scenario of capital raise. GSE could/can not raise $200B from market (2.5% of $7.2T). First, GSE needs to increase net worth to $100B then only GSE can raise another $100B from market.