Replies to post #408213 on Fannie Mae-No Politics (FNMA)

[capitalismforever]

You better hope his plan is to finish in 2018 because if it isn't, this thing will go into receivership. Why? Because he can't get congressional support because nearly every Republican is against the GSE's. Clearly was on display last night. The GSE's require congressional approval for the Sr. Pfd's to be sold, transfered, and otherwise. However, on January 1st, 2018, that law goes away because it's a temporary law. That means Mnuchin will have the full power at his disposal to stop the conservatorship without congressional approval. So again, you better hope that's his plan.