Replies to post #391674 on Fannie Mae-No Politics (FNMA)

[Stockman1010101]

Wise comments.
Mr. Munchkin should walk back his reneging comments about releasing the GSEs from government control. Mr. Munchkin will be viewed as worst then the previous Treasury Secretary, even though the previous Treasury Secretary enjoyed taking stolen money from the GSes at least he did not lie to get into office and renege/waffle on where he stood on this issue.

[investor G]

whipstick, i'd argue it makes some sense:

nov30 mnuchin revealed his true feelings but this was a mistake in terms of sharing too much info too early in a delicate situation. Wilbur ross brought up the GSEs and mnuchin couldn't contain himself imo.

currently the dilemma is the court case outcome reduced the plaintiff's leverage, combined with the slow start the administration has endured which has narrowed their window to execute HC and tax reform --- no democrats will support them so they cannot risk irritating the R congressman, many of which as you know are not friendly to the GSEs.

things changed vs nov30, and so the timing has been adjusted unfortunately. I don't personally believe the goal has shifted. currently the fast money investors are leaving and will need to be replaced by long term value buyers.