Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

If existing common shares trade for $0.01 per share post recapitalization and release, Calabria’s statements about “not wiped out” and “continue to trade” are still accurate.

So what is “fair?”

Calabria also thinks that the GSEs should have been liquidated, resulting in total loss for common shareholders, so he may think $0.01 is “fair.”

Ackman bought for like $2... Why would $20 be “fair” to him but not $3?

Everyone on this board took out a HELOC and Sofi personal loan to load up at $1 earlier this year. $2 is also fair, no?

Icahn bought for $4 (what an idiot!); what’s fair for him?

What about someone who paid $80 pre-conservatorship?

And why are the answers different in each case?

This concept about treating legacy shareholders fairly is a complete joke.