Fannie Mae-No Politics (FNMA)

[Potty]

CC, I hope they are converting to JPS if they stick with this trade. Hard to see how that does not make sense...

I bought some of the new Ackman SPAC, PSHT.U, which has some interesting features. I like the Tontine warrants a lot.

I also like this even if we have a market correction -- sitting on $3-7 billion in cash in a correction is a great place to be... Though correcting just after the IPO, not so hot lol

At least it is interesting and I like the terms. Just thought I would mention it. But I do not think FNMA is a "mature unicorn" lol