Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The @federalreserve should pause on Wednesday. We have had a number of major shocks to the system. Three US bank closures in a week wiping out equity and bond holders. The demise of Credit Suisse and the zeroing of its junior bondholders. Notably, bondholders bearing losses is a…

— Bill Ackman (@BillAckman) March 20, 2023

"Notably, bondholders bearing losses is a new phenomenon as they were protected in the GFC."

"I continue to believe that the best course of action is a temporary
@FDICgov
deposit guarantee until an updated insurance regime is introduced, for if bank number five is closed, the market’s attention will move to banks six, seven and eight."