Fannie Mae-No Politics (FNMA)

[kthomp19]

The name of the Paper is: The Conservatorship of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. I dont see the Apples and the Oranges because it is the same amount of JPS and Common currently outstanding - one of Calabria's points is that the NWS violate HERA.

This is because Calabria wants FnF to have followed generally accepted insolvency rules in 2008. That's the apple.

Calabria's resolution of FnF's conservatorships in 2020 or later is the orange.

I am focusing on "..FHFA's commitment to allow private investors to continue to benefit from the financial value of the company's stock as determined by the market." I am focusing on private and benefi

"Private investors" does not have to mean existing shareholders. In fact, a re-IPO that is to the greatest benefit to the re-IPO investors (assuming they buy common shares) is by definition to the biggest detriment to existing common shareholders.

Taking Calabria's paper to mean that existing FnF common shareholders will do well from this point is a logical fallacy, plain and simple.