Fannie Mae-No Politics (FNMA)

[obiterdictum]

That is mainly MM market making without buying interest.

Also, the lawsuit coverage did two things.

It was positive in that it moves the GSE reform process towards a fair release from the conservatorship and the Third Amendment.

At the same time, upon close examination by day and swing traders, it generated negative sentiment by exposing the real legal and political conditions to those who were pumped but underinformed about the details of the conservatorship and the immensity of what is actually going on.

Just a temporary skittish sentiment.

Gradually, we come down to the serious players who do not run from reality or hide cloaked in wild fantasies.