Fannie Mae-No Politics (FNMA)

[big-yank]

At the time the sweep was enacted, Fannie and Freddie common shares were trading at under a quarter. Then Perry, Ackman and Berkowitz decided they could "game" the US government by snapping up cheap shares and then mount a huge legal challenge, crying "foul" while, all the while, drooling profusely over the prospects of ginormous profiteering gains.

I say "give 'em the 25 cents", exercise the warrants and put an end to the conservatorship, with 80% of the enhanced share value going to the US Treasury. If the shares uplist, the US Treasury should sell the shares. Then, after midterm elections, Congress should act to end US government backing of GSA's unless taxpayers get backstopped with at least $200 billion in escrowed reserves in case of another housing meltdown.

That's only fair. No profiteering by anyone. No more rescue risks. No upheaval in the real estate market. The best way to deal with Watt is eliminate him by ending the conservatorship at the earliest possible date which means NOW.