Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Holden - 100% false. If Scotus rules the liquidation pref goes to 0 it’s done. FnF can go back to paying several 100 million a year for access to 100 billion until congress does the hardwork of actually resolving the GSE structure. But, even if congress does get that far, the companies will be long gone.

Holden, you have posted you were unaware Collins, on behalf of both Common and JPS shareholders, is requesting Scotus to zero out the liquidation preference.

A JPS investor out of one side of their mouth affirms Thompson’s professional representation of FnF shareholders, but from the other side claims the very remedy being sought from Scotus will not strategically resolve the core issue preventing these companies from exiting conservatorship.

The remedy Collins is asking for is at the very core of this trade.

Tim Howard, former CFO of the GSEs, says JPS shareholders are creating fantasies to create some hope in their “quagmire” trade. Those are his words, not mine.