Fannie Mae-No Politics (FNMA)

[whipstick]

After listening to Carney in this podcast
http://www.fed-soc.org/multimedia/detail/freddie-fannie-shareholder-litigation-update-podcast?platform=hootsuite

He does not sound like someone who knows what he's talking about. Maybe he always sounds like he has a cold and 0 confidence which makes a lot of sense as why he'd latch on to others for access...

pathetic little man with his pathetic head in the pathetic sand.

He continues to talk about the NWS in relation to the common shares - showing that he doesn't understand how preferred shares work. It's interesting that this is even an argument - the share prices weren't low because the NWS wasn't done yet - it was entirely done in the dark with very few people knowing what was going on - attributing the share price movement as the proper bellwether as a reference to value that should be received is such a preposterous notion that the fact that he's latched onto that and not expanded to better arguments shows that there aren't any better arguments because the government broke the law and tried to cover it up.

He then follows on the BS notion that Conservatorships are definitionally changed to somehow support the majority ruling.

Hilarious that he was ever employed by the WSJ.