This is a market acting very strange during very strange times. Seeing a BK company like Whiting Petroleum maintaining a pretty solid share price is but one of a number of crazy examples.
To me, this looks like a pretty good time to get into the GSE's, as the real action will likely take place about the time we get a covid vaccine....which should provide a double burst to the share price sometime right in advance of that.
Of course, first we need to see what the capital standard will wind up actually being post comment period, and how image money will be raised.
There may also be some underlying concern about a Biden presidency, but I dont see that interfering with the process, myself. The Dems have not opposed Calabria, and that will likely be a back burner issue unless it becomes part of an overall civil rights issue.