Fannie Mae-No Politics (FNMA)

[rosen62]

Obit, please excuse my intromission... if you are saying just one large dividend payment for the whole sum both of which being paid at once, I think this will meet great resistance. But perhaps I again misread your carefully thought lines.

I believe now we all seem to be on the same page regarding the "repayment" and I also think this -at a 10% clip- would be usurious. But,

in the recent past,

Capuano worked on a bill that transformed the Srs. payouts into a loan. The structure was very similar to our interpretation of Waters except that -if I remember correctly- Capuano's had a 5% rate. This could be wrong as I am writing off the top of my head. So, not sure.

As for the 10%, trying to reduce it like Capuano attempted will be in direct confrontation with what Treasury decided and did. I am not sure anything can come out of Congress that will be a direct confrontation to another branch of the government. Just my opinion. So nothing more than air.