Fannie Mae-No Politics (FNMA)

[imtheshadow]

- i'm still surprised how many think RRR will automatically be good for existing shareholders

- every ACTION of DT/admin has been EXTREMELY ADVERSE to existing shareholders

- to think all ACTIONS have been part of super clever plan to reward shareholders (and not WS/TBTF buddies) requires some pretty extreme assumptions ... like fighting law suits to the bitter end, proposing ridiculous capital reserves and retaining earning but increase liquidation preference $ for $, etc. are all good signs for existing shareholders

- Occam's razors strongly suggests existing shareholders are about to get royalty screwed unless SCOTUS, not DT, protects the 5th amendment of the constitution

glta