Fannie Mae-No Politics (FNMA)

[skeptic7]

they upheld the validity of the NWS and said it was not illegal and could be enacted at the discretion of the conservator. You are correct, they did not say that the NWS or the c-ship was here in perpetuity, and my meaning was that by upholding the validity of the NWS, it will be used in a manner to reduce capital retention as needed, so they've simply assured that c-ship isn't going away.

My opinion, so you can talk about all of the acronyms and nuances you like, but easier to just look at the blue print they've laid out and realize the possibility. You know a lot of companies with trillions on the books, most profitable earnings per employee, billions every quarter in profits, that trade on the OTC and whose PPS goes down after better than expected earnings...every time? Me neither.