Fannie Mae-No Politics (FNMA)

[blownaccount9]

It was more complicated. They had ZERO capital. They’ve got $160B now. They don’t need to raise cash hardly at all. There are so many options that are positive for government and shareholders vs before most options would have crushed shareholders.

Also fun fact Fannie’s book is only about 14% bigger than Freddie’s. I feel good with the freddie heavy port!

Honestly these elections couldn’t have gone better for us. I’m sure it sucked at the time, but with trumps new term here they’ve got so much more capital now than 4 years ago. We have 4 more years of trumps term to continue accumulating even though this is likely resolved in the next 2 years.