Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

We've gotten the "it's up to Congress to decide the future of the GSES" line from SM and MC (although they said they would do exit the conservatorships administratively, unlike SLT and MW).

Since all the major stakeholders exclusive of the shareholders and the Community Banks trade association (I think they bought large chunks of the JPS pre 9/8/08) seem to be fine with the status quo and federal agency major decision makers may be hesitant to act now to exit until the judicial branch hammers out some of these constitutional issues, we may be in the status quo for some time.

FHFA seems to be incentivized by keeping the status quo, they have 100% control over their piggy bank and get to set their own annual operating budget.