More on Mooch’s ties to the GSE’s from this December post.  While not something that will definitely decide an outcome on the GSE’s, the possibility of having Scaramucci in the White House is in no way a bad thing for them and can only be helpful

Politico:

White House Chief of Staff Reince Priebus is still considering offering financier Anthony Scaramucci a role in the West Wing even though the job he was initially promised has been filled, according to a White House official.

The role will likely be a commissioned position at the assistant or counselor level, according to a person familiar with the matter. Scaramucci does not intend to take a salary, the person added.

In January, before President Donald Trump’s inauguration, White House officials told the press that Scaramucci would become director of the Office of Public Engagement and Intergovernmental Affairs, a post equivalent to the one held by Valerie Jarrett under President Barack Obama.

Priebus asked Scaramucci to pull out of consideration in January because of complications related to the sale of his stake in SkyBridge Capital, the investment firm he founded. At the time, Scaramucci was offered an ambassadorship or other government role, but declined it.

The White House announced Tuesday that the job will be filled by George Sifakis, the founder of Ideagen, an information management firm, rather than by Scaramucci. “They were looking at another position for him but couldn’t delay filling the public liaison position while his business interests were being sorted out,” the White House official said.

Scaramucci declined to comment.

So we know Mnuchin is the pick for Treasury. But, who will his #2 be?

TRUMP ECON TEAM BUZZ – Two big names still floating around for senior jobs: SkyBridge’s Anthony Scaramucci for number two at Treasury (or something else) and Goldman Sachs’ Gary Cohn for OMB Director (or other big job). Cohn met with Trump again over the weekend. And the buzz is that it’s become clear to the Goldman president that he won’t be getting the CEO job at the bank and is game for a new challenge, possibly running the budget office.

Scaramucci is the name I keep hearing so let’s look at him a bit and see what we can opine what his position might be on the GSE’s.

SkyBridge directed $490 million from its main fund to John Paulson’s funds in the six months ended Sept. 30, regulatory filings show.

What to think? We have Mnuchin who invested with Paulson in the IndyMac deal and Scaramucci who has almost 1/2 a billion dollars in Paulson funds that we know are heavily invested in GSE stocks.

Then we know the Treasury has the option to purchase 80% of the common stock for pennies

Finally there is this

COULD TRUMP CLEAN UP ON GSE REFORM? – Jeff Hauser of the Revolving Door Project on Trump-Paulson connection: “As of Trump’s 2016 FEC disclosure, he owned at least $3-15 million in Paulson funds. We have no way of knowing whether that investment grew before Mnuchin’s Paulson friendly GSE comments, but a Congress and press corps curious about whether policy is being made in the public or private interest would find out.”

Is this a set of scenarios that would lead one to believe this group is going to do something that wipes out the value of the preferred and common stock??

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