Fannie Mae-No Politics (FNMA)

[bradford86]

There are maybe 20 posters here that all post commons over $100 and JPS are cancelled out of spite by my estimates

It is understandable that they would be mad about what is basically the largest theft ever

The government literally will have come in and stolen the most profitable companies on earth via accounting fraud and at the end of the day if the spspa is converted common shares will have gone from $80 to $0.08 a decrease of 99.99% which is maddening when the companies have their profits doubled in that same time frame

So, I understand their plight, and this seems to be the place where they rally together to commiserate and plant their flag that if the government is willing to give up tens of billions of taxpayers’ equity position in these companies then that could accrue to their fortune which was basically wrongfully taken from them.

The problem is that there is no legal mechanism to unlock that value, especially since the supreme court abandoned the spirit of the law last summer. The writing is on the wall, this is just a restructuring now. Looking forward to Sandra Thompson questioning tomorrow. I think we get to see glimmers from behind the scenes that team Biden’s continued retention of earnings and proposed capital rule is not an isolated incident but part of a larger effort to monetize its equity stake and end the conservatorships.

Anyway, really excited. This could get really interesting really quickly.