Fannie Mae-No Politics (FNMA)

[DaJester]

"It's unlikely that the government will become more modest after the Lamberth debacle; rather, it will become even more encroaching."

Sure, I understand the apprehension. I disagree though. I think the more visibility this gets (and I think that's coming) the more handcuffed Treasury will be. $20B to them is not a lot of money, so they have to weigh risks vs reward. The optics of them taking ownership just to gain $20B is not good. Unless there is another 2008-type crisis to serve as a smokescreen.