Fannie Mae-No Politics (FNMA)

[LuLeVan]

2. If so - how do you reconcile what Calabria said vs what DJT stated in his Letter to Senator Rand Paul?

Trump wrote in this letter that he would have released the GSE from conservatorship and sold the government's investment at a large profit for taxpayers. He did not say how these large profits would be generated. What is certain is that there would have to be at least a warrant exercise to accomplish this, otherwise the government would not earn anything from recap/release. But Trump could also convert the SPS into common stock, which would increase the "profit for the taxpayers" by another 20%. He didn't give details. So I see no contradiction to what I posted - and to what Calabria wrote (SPS write-off being "illegal").