Fannie Mae-No Politics (FNMA)

[Bodach]

Yes, a backstop the government was supposed to provide and did. According to the guidelines of the conservatorship, Fannie and Freddie just need to become safe and solvent again for the conservatorship to be lifted. The rest is just noise. All this talk of wind down stems from the idea that they would not be able to ever recover or at least not recover within a reasonable amount of time. They have. Couple that with the incoming public awareness of banking guilt, I believe there is a good chance for the conservatorship to simply be lifted.