Replies to post #475304 on Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

a conclusive summary of why the last 18 months are so wondrous that they insure some better outcome than just restoring the GSEs to where they were in August, 2008.

My ideas aren't to advocate for "some better outcome than just restoring the GSEs to where they were in August, 2008." They're to reconcile all of the noise over the last decade and formulate a sensible investment thesis (which is a Moelis Blueprint type recapitalization commencing before the end of Q1 2019 and completed by the end of 2020).

If your point is to restore "the GSEs to where they were in August, 2008," congratulations. You've made a comment that will have 100% bipartisan support... that it's not happening and you are wrong.

Your plan does not reconcile the FHFA capital requirements and UST timeline; it also advocates for a refund of some seizure of assets that never happened. We've discussed this many times. Retained earnings will not be enough for capitalization. Facts. Or conservatorship continues until SCOTUS helps in 5-10 years.

[action8101]

Yep