Replies to post #574282 on Fannie Mae-No Politics (FNMA)

[TRCPA]

You can also look at it this way.

Since the end of last year.....

1) Mnuchin and Calabria have committed to the GSE's.There are no substitutes.

2) They have concluded that they must exit conservatorship ASAP

3) They have allowed the GSE's to start to recapitalize with their own earnings

4) They are planning an exit strategy from C-ship, seemingly assuredly with a lowered capital requirement and consent decree from GSE's to get to full required level of capital

5) Calabria will be issuing full capital standards requirements any day now

6) They understand that all issues must be resolved while the "sun is shining" for their own good to get the GSE's back in their own hands

7) They got an en banc ruling to go against them

You could have said none of this last year at this time. Hence, we are up 200% since then.

Those are the facts.

So now let's see what happens in the near term with the remaining issues and what transpires after that.