Fannie Mae-No Politics (FNMA)

[Chronic The Hemp Hog]

I agree and totally understand where you are coming from. I think what may be possible and different this time around is if the increase if the liquidation preference is also invalidated then you can directly tie the GSEs value to the shareholders.
Right now we have trillion dollar businesses where shareholders own 0% of the company and the value of the shares trade solely speculation. Once you eliminate the NWS and any liquidation preference of the SPS the value of the companies can then be allocated to the stockholders. Maybe not 100% maybe like 20.1% (because the government still holds the other 79.9%) but at least a valuation can start being attributed based on fundamentals (like assets, profit and revenue) at discounted value.