Fannie Mae-No Politics (FNMA)

[Potty]

Selling JPS now is a big gamble? lol

There is A LOT of risk here. (a) Economic risk: Calabria has explicitly said that process can only move forward if REAL economy cooperates PLUS if the market corrects in October or before then nothing doing in Nov and Dec; (b) Political: This administration is chaotic, riven and mercurial (to say the least) so after a Trump defest who knows what they do? PLUS Dem machine is owned by TBTF banks so the deep freeze awaits again if Biden wins...; (c) Legal: SCOTUS could rule for Treasury or pull an AIG, in principle win without practical payoff, going to trial has risks both ways and all most all Fed Judges have ruled for Treasury so far... there is a reason no one but the desperate go to trial.

On the other side, selling JPS leaves one with cash and all its "optionality" with a market correction looming and still plenty of great companies at bargrain prices even before such a correction

So, no, not a big gamble

I agree the JPS has multi-bagger, but I need more upside and clarity to invest since I could buy, say, RYCEF with same upside, less risk and far greater clarity

But, sincerely, GL, there is a good chance this works for JPS, I also would not own common