Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

"In some way, in many ways, have been repaid."

In what ways haven't they?

Well, for starters, the SPSPA is an equity investment not debt. There is no payback mechanism.

Secondly, everyone assumes that they will calculate the 10% moment as if all NWS payments in excess of 10% would have paid down the SPSPA balance (even if that way possible, which it wasn't).

Not sure that's how it would have happened.

Something fishy here. $120 billion back to GSEs and $200 billion SPSPA balance remaining seems most fair. Common would be obliterated. Sure, government doesn't want to write a check. Maybe they sell the warrants for $120 billion. No cash changes hands. Simple. Fair.

Craig Phillips says TAXPAYERS "IN MANY WAYS HAVE BEEN REPAID !