Fannie Mae-No Politics (FNMA)

[Wise Man]

Mr. Angel, FnF don't have Interest-Rate risk.
They use derivatives to hedge the interest rate risk in their financial assets and liabilities. The MBS portfolio doesn't have interest rate risk. I'm talking about other financial instruments.
Also, their investments in securites are valued at their fair value on their Balance Sheets, not at Amortized Cost in Held-To-Maturity portfolios like the banks and the Federal Reserve.
Did you tell this to judge Sweeney too?

Wow! Really interesting Robert - not to mention that the GSE equity has a lot of interest rate risk - smartest thing for all would be to exit conservatorship and have the UST monetize its rightful share of GSE equity under the warrants.

Another "amicus".