Fannie Mae-No Politics (FNMA)

[FOFreddie]

Good points Robert.

Collins on remand is important along with Rop and Bhatti are important because the SPS Liquidation Preference can be set aside for a separation of powers violation.

Calabria probably made the reference to legality of forgiving the SPS because there is a CFR reg regarding the compromising of USG assets which needs some rational basis like the threat of litigation or the probability of success. This is mentioned in the CBO report