Replies to post #540490 on Fannie Mae-No Politics (FNMA)

[bcde]

kthomp19,

You have been proving yourself completely wrong and unrealistic all along in your responses.

CryptoNator has proved himself providing fairly good prediction on last Friday. Please tell us one instance where you have given one good prediction or good analysis that has proved to be right.

The first doesn't fit this administration's timeline. Mnuchin is committed to ending the conservatorships during this presidential term, and Calabria has talked about a sense of urgency. Neither of these comport with a multi-year timeline.

Don Layton stated "I do have evidence from public statements that “recap and release” - going back to the old model — is not what the administration means. They mean “reform and release,” and I think they’ve been very public about that. ". So CryptoNator seems well within timeline and compliance with WH.

The second (explicit guarantee) requires Congress. That makes you just about the only one who believes Congressional action will actually happen.

Don Layton statement answers questions about this.
"Going forward, the GSE business model requires Treasury support in some form. The market will not accept, in my personal view, the prior wink-and-nod implicit guarantee of the companies. Without legislation, you can’t get a full-faith-and-credit guarantee. Fannie and Freddie need some form of credit support from the government that is acceptable to the market. It’s necessary for their business model. "