Replies to post #785743 on Fannie Mae-No Politics (FNMA)

[nagoya1]

Gonna rest my eyes from all of the gse pref dilution malarkey. Too bad it’s not 1 a month.
Fnma

[Robert from yahoo bd]

David Maxwell (former CEO of Fannie Mae) told me personally, when I worked there, that, "the number 1 Risk for this stock is political risk".

https://www.referenceforbusiness.com/biography/M-R/Maxwell-David-1930.html

"Awards: Named one of the 10 Greatest CEOs of All Time by Fortune magazine, 2003; 1993 Housing Person of the Year award, National Housing Conference; the Maxwell Awards of Excellence are given annually in honor of David Maxwell by the Fannie Mae Foundation.

¦ David Maxwell transformed the Federal National Mortgage Association (Fannie Mae), the largest investor in residential mortgages in the United States, from a financially unstable, floundering company into a stable, profitable company that helped low- to middle-income families obtain mortgages. He was described as an innovative and skillful leader whose vision helped motivate employees and management."

[bradford86]

That is too bad. I have been reprimanded by ihub admins for posting a political comment here— i weote back that the end of conservatorship is tied to admin action which is a political thing.