Fannie Mae-No Politics (FNMA)

[jeddiemack]

Just listened / watched the video.

1st. I hate the concept that pags still thinks the gov't earned / diserves the warrant shares.

That is the biggest farce and until that litigation is filed and resolved nothing gets really done done.

Intersting he says 50% penalties / past dividends owed on $25 pref shares. Who would pay that??? GSE's or government.

Interesing that gabby says pricing is still option pricing with 60 day window.

$2 a share for what could be $50 at 87% confidence level is not a bad bet, considering even if it doesn't hit you still have the $2.

Might be worth a swing.

How many chips to push into the middle more???

Thinking about it...