Fannie Mae-No Politics (FNMA)

[bradford86]

i'm just agreeing that the moelis plan is a pitch deck for the warrants.

i think the valuations and earnings are above what i forecast them to be on a normalized basis

i dont own commons right now because i think preferred are a better bet

so far this year i've been wrong

the way i see it, commons got screwed in 2008 and in 2017

in 2008, the warrants were issued. since then the statute of limitations expired

in 2017, capital requirements went from what.. 0.4% to what is incoming at 2.5%+

in 2008, the common recap value went from like $60 to $12

in the meanwhile, guarantee fees basically went up..

anyway, that's just how this cookie crumbles.

you seem to be mad at the facts,

the problem you have is not with me, but it is with the way things have played out, but there's no use crying over spilled milk is there?

i'm curious to see how exactly this plays out, but unlike most common shareholders, i actually calculate share prices based on earnings that i calculate, and based on capital requirements that i calculate. i'm not just slinging this guess style, which seems to be how most of the common shareholders i talk to are playing this..

anyway, power to the commons!i talked to an investor the other day who has 100,000 who asked me what he should do, i said congrats, and that i have no real plan of action until the admin plan comes out the next few weeks.

regarding this admin plan:
the lower the earnings on a normal basis, bad for commons
pre warrant dilution, bad for commons
the quicker the recap, bad for commons
the more capital requirements, bad for commons

but hey, the reverse is also true