Fannie Mae-No Politics (FNMA)

[kthomp19]

Actually, I will have to revise my comment about concentrated common nonsense being rare.

FnF never needed a bailout.

Stated as an opinion, this lacks proof. Stated as a fact, it would be just plain false. Tim Howard said it best:

Finally, we can’t definitively say that without the non-cash accounting entries made by FHFA Fannie would have survived the crisis.
...
I believe it is highly unlikely that a privately managed Fannie Mae would have had this many book expenses in those three categories, but that is not a fact; it is an (informed) opinion.

Bush need to bailout his bank buddies so he saw FnF as that tool. They forced the management out and replaced them with stooges that would help Bush make FnF buy the toxic mortgages to get them off the banks balance sheets

False. In that same link:

This report of “$40 billion per month in toxic mortgage purchases ordered by Treasury” has been given wide circulation, but it’s mythical.

That myth was based on a Bloomberg story that had zero evidence behind it.

If shareholders want to be taken seriously, they need to get the facts straight. Constant cries of "FnF never needed the bailout!" and "FnF were forced to buy toxic mortgages!" only make the entire class of shareholders look silly.

To hide their theft the gave them a “bailout” that they could never get out from under.

If it was impossible to get out from under, why did Treasury insist on the NWS so that FnF could not "recapitalize and escape"?

The original SPSPAs were possible to get out from under. That's why Treasury had to act before the DTA reversal resulted in massive income to FnF.

Obama stole their profits in 2012 because he needed their money to pay for Obamacare.

Hasn't been proven, but this is less falsehood and more conspiracy theory. Mnuchin said some of the NWS money went to fund Obamacare, but money is fungible and it's impossible to prove which dollars paid for which programs.

They hid that by saying that FnF never paid back the bailout.

When the NWS started in 2012, FnF hadn't yet paid back anything. They were still drawing money from Treasury.

The ruling should be MC can be fired, NWS is unconstitutional and remedy from 2012 and Gov deemed paid so SPS, LP’s and Warrants canceled.

The NWS isn't alleged to be unconstitutional, just illegal. The SPS/LP part, sure. But what on earth makes you think that the Supreme Court will take any action regarding the warrants when the plaintiffs want Treasury to exercise them?

Most likely we will get MC fired and NWS ended and remanded back for remedy.

I agree, I see this as the most likely outcome too.

If we don’t get summary judgment we we be back in court for 3-4 more years and a settlement will only come days before a ruling if ever. So settlement isn’t even an option.

I disagree. Treasury isn't getting another dime from FnF for the foreseeable future unless they come to the negotiating table, and the remedy question will be answered much sooner than 3-4 years from now.

Stock Price? 6-10 during a remand with weak opinion. 10-15 during the actual hiring. 20-30 summary judgment with 60-100 if we win Summary judgment and or remand hearing.

What share counts are you using to come up with these numbers?

If the government isn’t punished during this goatrope FnF will never be a safe long hold

That could be trouble, then. Punishment won't be on the Supreme Court's mind.