Fannie Mae-No Politics (FNMA)

[Donotunderstand]

a tiny inch or so - yup

but when did it start ? some retention of earnings ?

my old and older memory would be the "interesting" Mel Watt who got Mnuchin to agree to allow F and F to keep 3B a year??

I think that is right -----

The current - keep cash but write and IOU for exact same amount and grow the LP - is all DJT .
If the GOV at some point says LP (SP) is paid off due to 300B sent to Treasury -- that smoke and mirrors TRADE will be super beneficial to us common equity holders
If the GOV at some point converts the LP into common or some such similar action - then all the smoke and mirrors will be worthless (will have done nothing for common equity as the LP grew and grew each quarter)