Fannie Mae (FNMA)

[jeddiemack]

JC - Hope you are right. Fear you likely are not.

1. what in the world makes you believe that after 10 years congress / treasury is going to respect the property rights of shareholders, now?

They've fought every decent American thing and done so with pith and vinegar. Because the arguments have been so obvious to any educated person, they are hard to convey in the courts and because of legal footwork - and mis speak, fhfa/treasury have been able to play keep away.

What changes this?

2. to 5. I largely concur with eventually, when something occurs to shake the tree.

6. Your $250 per share is very idealistic. Fair value in my view is less - likely $125+; but

7. Even that - no way it all occurs before May 17.

Like I wrote - 100% wish it does but hope is a horrible investment strategy.