Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

kthomp - thank you for the reply. Per the PSPA the commitment fee has been added to the liquidation pref, and if Scotus zeros out the liquidation pref, then poof ...

And if frogs had wings they wouldn't hop around on the ground.

frogs fly as they’ve been reported to do from time to time ... unlike the fantasies and fairytales of private placements and settlements.

Per Tim Howard, former CFO of the GSEs, stated the following regarding the Junior Preferred Shareholder, e.g., FNMAS, settlement theory.

”And I think the notion of a simultaneous settlement and massive private placement of equity with new investors is a fantasy (cooked up by holders of Fannie and Freddie junior preferred stock hoping for a quick way out of a “quagmire” trade), with neither any observable evidence nor a defensible rationale to justify it."

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