Fannie Mae-No Politics (FNMA)

[FOFreddie]

Good Points everyone on the excess employees but one should not overlook the fact that the GSEs get a ROA or return on assets from the equity they retain. If they have $ 100 bn and the ROA is 5% - that is $ 5 bn more to the bottom line. $ 200 bn - that is $ 10 bn more to the bottom line. The primary issue is that Congress needs to limit what they can do in Conservatorship and force the Admin to sell its equity and then use the equity and income to support political projects.