Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

An amusing possibility I saw mentioned somewhere was that FHFA could have the OTC just halt trading on FnF shares for a few weeks while the cases are settled and the SPSPAs are amended. Then if they also offer the junior-to-common conversion (with a short deadline) during the halt, the public would likely never realize just how much of a gain the juniors made.

You must've been on the same Super Secret FNMA Call yesterday as me. I hadn't thought about this possibility, but it's definitely not a bad idea if the Admin is truly concerned about a Hedge Fund Giveaway to Jr. Preferreds.

No one would really know what happened besides JPS and Commons. Commons would make a fuss, but it would all be said and done and it would avoid the public eye.