Fannie Mae-No Politics (FNMA)

[Lajrchamp]

Good points all. Thanks. I was, in fact, conflating UST with FHFA, as the entire self-dealing nature of the third Amendment stinks to high heaven. You are correct, however. Treasury has no duty here. At any rate, I think we're aligned as to the potential remedy: voiding of the NWS.

I've heard the valuation estimates attributed to Ackman of approx. $23-$43, but I'm also seeing posts with talk of PPS in the hundreds. I doubt any of these happen without an exit from C-ship and a relist, but what are your ideas on the short term and long term prospects, assuming a positive SCOTUS ruling?