Fannie Mae-No Politics (FNMA)

[kthomp19]

Ano seems to think the breach in contract is apparent and serious enough for an NWS/PSPA unwind as soon as 1Q

Ano thinks a lot of things, nearly all of them wrong. If you want to do your portfolio a favor you would block him on Twitter, not repeat his nonsense.

The particular tweet you quoted here is a good example. There is no justification for any of the "logical" steps he took. In addition, every mention he makes of Section 6.12 of the SPSPAs shows that he hasn't actually read or understood that section because it gives Treasury the option to unwind the agreements in certain circumstances (that haven't actually happened yet). Ano makes the assumption that Treasury will invoke that option at some point, even though it would do Treasury no good whatsoever and would cost them several hundred billion dollars in assets and cash.