Fannie Mae-No Politics (FNMA)

[rosen62]

Re: Eric Stein. His line of thinking of a mutual ownership resembles one of the Treasury's original proposals: the co-op. There may or may not be a threat here for us where banks become the preferred co-op partners and lobby to push out shareholders (wipe out without compensation). But then, Fannie and Freddie could also become part of a co-op and remain in existence in some form. Watt's moves and preferences are going to be key.