Fannie Mae-No Politics (FNMA)

[bradford86]

The thing about this perspective is that it assumes that the companies retain net worth in excess of their ERCF and that the government is unwilling to let them exit conservatorship when the government already has a deal in place with Fannie and Freddie whereby the government will endeavor to restructure its equity stake so they can exit conservatorship. Right now, a restructure would need a consent decree or capital raise, but in your hypothetical future it would not because the companies will have retained enough capital to exit absent the gaping negative capital hole caused by the spspa