Fannie Mae-No Politics (FNMA)

[LuLeVan]

If you assume (as I do) that the government has acted fraudulently over the past 14 years, SPS shares are not expected to be cancelled "for free."

Already in the Brookings Institution paper (Feb. 2020) co-authored by Mike Calhoun...

https://www.brookings.edu/research/government-sponsored-enterprises-at-the-crossroads/

... there was talk of a government "investment" that could bring in as much as $100 billion on recap/release. Calhoun proposed to use the money for affordable housing.

Getting that extra money out would also be the only incentive for Biden to release the GSEs at all. By "cancel for free" I meant that it is illusory to expect the government to voluntarily give up $100 billion.