Replies to post #793193 on Fannie Mae-No Politics (FNMA)

[RickNagra]

Crappy Treasury.

[skeptic7]

FHFA first, then Treasury.

[kthomp19]

Translation: we are f*cked until TSY decides to play fair.

You're starting to get it.

Now extend the thought experiment: what happens if Treasury never decides to "play fair"?

Assign a probability and a share price estimate to each scenario (Treasury "plays fair" or doesn't) and you might be surprised at the result.