Fannie Mae-No Politics (FNMA)

[familymang]

Shhh. people here dont like to hear reality, they prefer to live in a world where the government is a nice guy and writes down the senior preferred to zero and decides not to exercise its warrants because why would the government want an extra $100b that they are 100% entitled and no shareholders are even challenging the warrants in courts. In this world the common trades to $100++ per share. In this world maybe I also win the $500m mega millions lottery