Replies to post #655115 on Fannie Mae-No Politics (FNMA)

[action8101]

Nice work, FD!!

[tutt1126]

A thousand of articles out there can not come close to your article on this post .
Awesome.

[Louie_Louie]

Thanks Fully,,great synopsis.
If MC and SM do not get us out, then I don't think there's anyone on the other side, or who Slxeepy Biden could pick, that would have the depth to do anything. If anything, most on the Democrat side are exactly like Rand Paul described them, "big hearts, but small brains".

[Guido2]

Great post. Thanks Fully Diluted.

[Robert from yahoo bd]

Thanks for sharing your well thought and prescient insights!

[imtheshadow]

Always appreciate your (rare) posts ... the questions remain, what will be the 4th amendment ... end NWS? ... and, even if that is yes, do you think the accumulating punitive elements of MC's reform (cap and liquidity requirement, for starters) are good for FnF ... the sudden departure of Freddie's Brickman, and common sense, would suggest otherwise ... thoughts? ... tia

[WB_fan82]

Diluted:

It seems to be a given that the credit line would stay in place in every scenario and TSY would receive some kind of fee for that backstop. As such, why would there be any change in stance from the ratings agency if the GSEs either leave c-ship (or, perhaps more likely, stay there for a while but Mnuchin gives Calabria sole control to push the exit button)?

[camaro4me]

Mighty fine interpretation.

Calabria-Reform Done

[AllRightWamu]

***Must read for everyone!***

[CatBirdSeat]

Sounds like JPS hokders are really going to love this LLRE thing. Greatness Coming...

[tw3141]

Like! ??

[FOFreddie]

Great Points and Thank You Fully Diluted!

[FastEddie18585]

I was hopeful about Calabria from the beginning and said so at the time. Though he is more conservative than I am, he strikes me as an old school rule-of-law type rather than the current crop of corrupt Trumpanzees. Yes, his capital requirement is excessive, but it will help quell the criticism of releasing FnF from conservatorship, and ultimately we can live with it. In the long run, the companies will be stronger because of it, and it can likely be modified if future FHFA directors agree that it is excessive.

Of course, Calabria is but one cog in the wheel, but he's an important one, and I appreciate the steps he has taken to follow HERA and release us from conservatorship.

[trunkmonk]

sticky please

[Mr Michael]

Hi Fully...
You are amazing as always!

Thank you for for providing such deep insights to us and continuing to share your confidence in this trade.


Michael