Replies to post #630427 on Fannie Mae-No Politics (FNMA)

[YanksGhost]

I cited the Treasury backstop as referenced specifically in the PIMCO comment letter. Period.

The Treasury draw facility arises from the SPSPA and not from any provision in the Charters. Purchase of obligations by the Treasury has NOTHING to do with any backstop. It also extends no obligation for Treasury to do ANYTHING.

Facts matter.