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🏛️ Fannie Mae and Freddie Mac get taken out of conservatorship

Chamath's named-mechanism call inside the housing debate: the administration figures out how to get Fannie Mae and Freddie Mac out of conservatorship, ending the taxpayer-funded guarantee wrap that has been propping up the US mortgage market and the artificially inflated home prices it supports. The GSE common equity is the direct expression of an exit; the read-through for housing itself is lower prices once the prop is removed.

0 CONVICTION
peaked 35.0 EMBER
DORMANT
band
▲ LONG FNMA
expression · bullish politics-market
WRONG
result · return +4.8% · vs SPY -13.3%
2026-03-15
born 2025-03-15 (E219) → window closed

⚖ Why this result

fully deterministic — computed from daily closes on the scoring date; nothing below is editable or hand-set

  1. Window: 2025-03-15 → 2026-03-15 — first mention + 12-month horizon, then the window locks.
  2. The call: ▲ LONG FNMA (primary play). FNMA rose 4.8% over the window → return (sign flipped for a SHORT) = +4.8% (the call made money).
  3. Benchmark: holding SPY over the same window returned +18.1% → vs SPY = +4.8 − (+18.1) = -13.3% — what this call made or lost against just owning the index. This is the number the result uses.
  4. Rule fired:
    · RIGHT — return ≥ +10% AND beat SPY by 5+
    · HALF — return ≥ +5% OR beat SPY at all
    ▶ WRONG — everything else
  5. Credit: supporters of a WRONG earn 0 each, opposers the opposite — this feeds the scoreboard. supported: Chamath | proxy-sensitive: FMCC→PARTIAL (+9.1%)

Conviction timeline

bands: green ≥ 65 · watch ≥ 45 · ember ≥ 15

Plays vs SPY · % since first mention (2025-03-15)

Plays

expressionsymbolkindrelevancerationale
▲ LONG FNMAstock PRIMARY Fannie Mae common — the direct instrument on a conservatorship exit
▲ LONG FMCCstock adjacent Freddie Mac common — same policy catalyst, trades as a pair with FNMA

Mention log newest first

Chamath
Chamath politics-market 51% · n=95 · E219 (2025-03-15) · explicit_prediction · strength 2 ▶ 36:54 SUPPORT
“We are going to figure out how to get these two government-related agencies, Fannie Mae and Freddie Mac, out of what's called conservatorship.”

Who built this conviction

each voice's total push on the score, in conviction points across every mention — supports and opposes · share = % of all mention-driven movement

Chamath
Chamath 51%
1 scoring event · 100% of moves
+35.0 → net +35.0

⏳ decay drained -29.2 over the idea's life — that's time passing, attributed to no one

Score events

episodekindΔafternote
E219 2025-03-15 init +35.0 35.0 E219 born by Chamath (explicit_prediction x2)
E220 2025-03-22 decay -1.4 33.6 E220 silent
E221 2025-03-29 decay -1.3 32.3 E221 silent
E222 2025-04-05 decay -1.3 31.0 E222 silent
E223 2025-04-11 decay -1.2 29.7 E223 silent
E224 2025-04-19 decay -1.2 28.5 E224 silent
E225 2025-04-26 decay -1.1 27.4 E225 silent
E226 2025-05-02 decay -1.1 26.3 E226 silent
E227 2025-05-09 decay -1.1 25.2 E227 silent
E228 2025-05-17 decay -1.0 24.2 E228 silent
E229 2025-05-24 decay -1.0 23.3 E229 silent
E231 2025-06-13 decay -0.9 22.3 E231 silent
E232 2025-06-21 decay -0.9 21.4 E232 silent
E233 2025-06-28 decay -0.9 20.6 E233 silent
E234 2025-07-04 decay -0.8 19.8 E234 silent
E235 2025-07-11 decay -0.8 19.0 E235 silent
E236 2025-07-19 decay -0.8 18.2 E236 silent
E237 2025-08-01 decay -0.7 17.5 E237 silent
E238 2025-08-09 decay -0.7 16.8 E238 silent
E239 2025-08-15 decay -0.7 16.1 E239 silent
E240 2025-08-22 decay -0.6 15.5 E240 silent
E241 2025-08-29 decay -0.6 14.9 E241 silent
E242 2025-09-07 decay -0.6 14.3 E242 silent
E243 2025-09-19 decay -0.6 13.7 E243 silent
E244 2025-09-27 decay -0.5 13.1 E244 silent
E245 2025-10-03 decay -0.5 12.6 E245 silent
E246 2025-10-10 decay -0.5 12.1 E246 silent
E247 2025-10-17 decay -0.5 11.6 E247 silent
E248 2025-10-24 decay -0.5 11.2 E248 silent
E249 2025-10-31 decay -0.4 10.7 E249 silent
E250 2025-11-07 decay -0.4 10.3 E250 silent
E251 2025-11-14 decay -0.4 9.9 E251 silent
E252 2025-11-22 decay -0.4 9.5 E252 silent
E253 2025-12-06 decay -0.4 9.1 E253 silent
E254 2025-12-13 decay -0.4 8.7 E254 silent
E255 2025-12-19 decay -0.3 8.4 E255 silent
E256 2025-12-31 decay -0.3 8.1 E256 silent
E257 2026-01-10 decay -0.3 7.7 E257 silent
E258 2026-01-17 decay -0.3 7.4 E258 silent
E259 2026-01-30 decay -0.3 7.1 E259 silent
E260 2026-02-07 decay -0.3 6.8 E260 silent
E261 2026-02-13 decay -0.3 6.6 E261 silent
E262 2026-02-28 decay -0.3 6.3 E262 silent
E263 2026-03-06 decay -0.3 6.0 E263 silent
E264 2026-03-13 decay -0.2 5.8 E264 silent