Fannie Mae-No Politics (FNMA)

[bcde]

"Don’t convert. Not sure how you issue new common in a utility model with no common dividend"

It is mafia catch 22 problem.

1. Unless mafia conservatorship ends no one is going to invest fresh capital in FnF
2. Mafia conservator will not end mafia conservatorship unless fnf are fully capitalized
3. No one is going to invest fresh capital in FnF unless they are 100% sure that they money is safe.
4. With lawless HERA and Mafia conservatorship no one is sure about their investment in FnF
5. Investor need stable and predictable corporate environment to invest.
6. Lawless HERA and Mafi conservatorship have created corporate environment that is anything but stable and and predictable corporate environment

Only way to get out of this mafia catch 22 problem is to end mafia conservatorship, let FnF operate in free market environment and build the trust of investors.

To begin with there will be no dividend until FnF meet regulatory capital requirements. As of now FnF should focus on building their capital without raising new capital from market and there is no need for it.

Ending mafia conservatorship starts with ending mafia conservatorship without any conditions and not based on FnF raising new capital from markets.