Fannie Mae-No Politics (FNMA)

[955]

From the Yahoo board (needs confirmation):

Wise Man9 hours ago
***SCOOP*** New Financial Advisors's appear to have determined that only one GSE can be saved in present form and reprivatized. There is insufficient market appetite for a massive IPO to recapitalize both enterprises in a time of turmoil and housing uncertainty as new contracts continue to decline, forbearance rises and virus infections advance in geometric size in a majority of major housing markets.

The emergent strategy seems to embrace saving the largest of the Twins, Fannie Mae, and declaring Freddie Mac critically undercapitalized and, thus, insolvent. FMCC may be headed for receivership and liquidation to provide Director Calabria with his oft cited goal of reducing the GSE's footprint to mitigate risk. In this new posture, JPM will focus on asset sales for max recovery for secured stakeholders, starting with Senior shares held by Treasury. MS will focus on an IPO for NYSE-listed FNM shares, while current FNMA common shares remain listed on the OTC exchange until release from conservatorship can be secured with sufficient capitalization by end of 2021 following completed share offer(s).

It is believed that Houlihan-Lokey may have fomented the genesis of this vastly revised strategy. The next move will likely be to recast the Capital Reproposal, seperating FNMA and FMCC cap levels, as only the former is expected to survive as a going concern.

This speculative analysis reflects the opinions of the research team and should in noi case be used for investment decisions that should best and only be guided by certified financial planners.

https://finance.yahoo.com/quote/FNMA/community?p=FNMA




Powell has got to go. Monday, 15 June, the PRIVATE Federal Reserve began buying up corporate bonds, initially set at $750 BILLION. SOCIALISM 2.0. GIANT CONFLICT OF INTEREST. The FED is owned by member TBTF Banks. The FED has begun buying up corporate Amerika. Just like HOSTILE Gov takeover of F&F in 2008, home borrowers and shareholders alike have become their SLAVES. With HOSTILE takeover of corporate Amerika, we ALL become SLAVES. Just like Venezuela. Just like old Soviet Union. Just like North Korea. Just like model China. Nothing good can come of this. Is there anybody paying attention?

And somehow the F&F crowd are thinking MS, JPM financial advisors are a good thing??? Get real. They stand by all too ready to sell us out again. Fool me once..... Fool me twice, I'm an idiot.