Fannie Mae-No Politics (FNMA)

[Golfbum22]

We are going to remember all of your conversion aka Moelis style posts when there is no conversion in the settlement.

Simple reason is gov't is losing cases and judgements will become reality sometime this year.


Last time I am going to warn you, gov't can no longer mess with GSEs money or shares except tell them to raise capital. Cat man already said this. Treasury and Fhfa hands are tied now. No conversion from gov't wil take place. Your treasury plan is DOA and cat man knows this. So your tired last argument is dead.

Glta

All pref will get is 80-100% par and possible treasury payout via cash, not shares. Another poster posted in last few days that settlement means both sides settle and dont get everything they want especially when dealing with gov't.