Fannie Mae-No Politics (FNMA)

[Sogo]

I think dems' part-wide desire is to get that principal reduction. President has wanted that for years. My take is: dems will fight to get that and to keep FnF in c-ship. Counter forces to that will be courts, gop, time, and political momentum.

Also big bank $ usually gets what it wants. What do the TBTF banks want here? There was some info out there suggesting they were behind Corker's bill to dissolve fnf, so they could take their place as the $ that backed the new single entity. How much will the real bill, whatever results, serve the TBTF banks is the question. Answer probably is: the TBTF banks will be WRITING the bill themselves. Reed's bill gives fnf longs hope but heck, maybe it's as bogus as Corker's was (just a PR stunt). Go courts! But then... They can be unpredictable too! Shanon1's recent post provides very interesting data and precedents.