Fannie Mae-No Politics (FNMA)

[LuLeVan]

"Munchkin injected ~1B into NYCB and will be taking more than 50% of the equity."

Mnuchin would never invest in Fannie and Freddie because he is on the side of the private banks (as are Buffett and Calabria). And for these thoroughbred capitalists, the GSEs, with their "socialist business model," are troublesome competitors that take market share away from the private banks in the real estate market.