Fannie Mae-No Politics (FNMA)

[YanksGhost]

Don't you think the fear factor Ackman referenced was the risk that some Corker-style receivership could find traction in some 11th hour coup? I do. I believe his entry into JPS was out of concern, just like I had, that Calabria would follow through on the Kill Bill to get the GSEs declared dead and buried.

Do you have any proof that he EVER stated he feared Moelis would net a better JPS outcome for reasons other than liquidation preference which is obvious and indisputable with any preferred share in any liquidation event.

Thanks in advance for providing proof that your observation isn't just opportunistic "tweaking" to suit a pro-Moelis narrative.