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obiterdictum

03/26/17 5:01 PM

#399130 RE: 10bambam #399111

1. I am sure that your questions are mostly rhetorical.

They are not rhetorical questions. In the attempt to answer the questions, it can be realized how much we do not actually know.

2. They do point out the glaringly obvious lack of coverage. Good questions though.

There is also a lack of knowledge about these issues among the general population.

President Trump has not spoken or tweeted much about mortgage finance, the secondary mortgage market, the 30 year mortgage, the conservatorships of Fannie and Freddie, the NWS, etc. When he did tweet on November 4, 2011, it was not supportive or understanding of the GSEs. Even so, that tweet was par for the time and does not reflect what President Trump may be considering or judging today.

Mnuchin and Mulvaney have given inklings of ideas but currently there is no public plan, core principles or agenda addressing how the future of the GSEs will be shaped and structured.

3. Don't make me think so much.

That is what the answers to these questions could assist in doing. Since the answers are beyond reach, one cannot think practically when there is not much content to think about. Even so, imagination needs only bits and pieces to conjure up scenarios and whole worlds of unreality.

4. 20% of the U.S. economy is at stake.

Yes.

5. Either gse could require a draw from Treasury soon.

Yes.

6. If that happens the only news likely will only be of F or F getting bailed out again.

Yes. If that happens, it could become messy in the news with a roller coaster ride in share prices.

7. I will just sit and wait and keep my googley twittery eyes peeled for some indication that Mnuchin will not accept the next sweep. I have dry powder should we dip or plunge or tank.
Go FnF


In this instance and unlike others, the Trump administration has been masterful in keeping their GSE and NWS views close to the vest. Waiting for a leak?