Replies to post #366732 on Fannie Mae-No Politics (FNMA)

[TII]

Here are the two keys in all of this......

•Bove believes it's possible Mnuchin has already held talks with Trump supporter and Fannie investor John Paulson, and that other prominent investors like Bruce Berkowitz and Bill Ackman would prefer a quick deal vs. spending years and millions in court.

•On Jan. 20, all the material Democrats have withheld from the courts becomes available to the Trump administration, says Bove. This gives Mnuchin "staggering leverage" against potential Democratic opposition.


You can bet your bottom dollar Mnuchin has had many, many detailed conversations about FnF with his very good friends, Paulson, Lampert, Berkowitz, Icahn and Ackman over the last few years. (and they will all make bank)

And, the 12K documents will stand to sink the previous Amdin and the existing Democrats. Mnuchin will use those docs to do what he wants (within reason) to the GSEs. Don't think Watt is exempt from that mess either.