Replies to post #635188 on Fannie Mae-No Politics (FNMA)

[kthomp19]

What would President Pence do?

That is now a question all FnF holders need to ask -- hence the tanking on common AND JPS

There was a mini-tank right when the market opened, but the commons and liquid prefs are sitting at around -1.3% each. I wouldn't call that "tanking".

Some of the illiquid pref series are down quite a bit, but I have been following the trades; for many of them the bid is above the last trade, so they aren't down by as much as you might think.

Pence is no friend of administrative action - no friend AT ALL

What makes you say that?

[Donotunderstand]

If its Pence - he will not touch this directly IMO

He would IMO rely 300% on Mnuchin

And so we are back to -- where is Mnuchin's head (and while at it ---- where exactly is Calabria's head)