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Re: A deleted message

Wednesday, 12/29/2021 6:48:05 PM

Wednesday, December 29, 2021 6:48:05 PM

Post# of 795927
The investment thesis here is really unchanged.

The GSE's are necessary

They do a great job

Were never in danger

Were expropriated.

The warrants are invalid (fruit of a poison tree = a taking)

The money needs to be returned

No one puts new money in these two with the governments chicanery.

At some point they'll need to unwind the games and set them right.

Government is the problem

Fair value is north of $150