Fannie Mae-No Politics (FNMA)

[JOoa0ky]

What was the reason for yesterday's sudden increase in PPS?

A leak?

Watch. Hackman will be right.

As each concrete hurddle passes, the PPS will appreciate equivalently. By the time it comes to dealing with the prefs, if the pervsion conversion dream comes true, it will NOT be at a favorable ratio for them.

CITI had very favorable terms because they did not have favorable financial operations... FnF right now are no slouches in generating billions. Different story. Different times.

Even our boy KT knows it, which is why he is pounding the table for recap to be immediate and swift as possible so that common prices stay down.

The prefs like to preach capital structure 101 but seem to forget about timeline 101. By the time prefs get settled, they are like #5 in line. After events 1 ~> 4 the PPS will be vastly different.

Lollapoluza. BOOM.