Fannie Mae-No Politics (FNMA)

[bradford86]

i respectfully disagree with your analysis of what the treasury can do.

and if i'm right, commons do not fare well from here,

if you're right, they go x25; because you're saying the liq pref and warrants are worthless.

warrants worthless is x5

liq pref worthless is x5

5x5 is 25x from here.

but..

liq preference not being worthless is like % 100. (divided by 100) dilution of like 99%. $250B of liq pref on $2B of market cap.

it's like a boat vs a 10,000 foot wave.

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the supreme court RULED that fhfa and treasury could enact the net worth sweep.

did you miss that ruling before blurting your opinion? just curious. because that ruling is what changed my opinion on spspa conversion vs write down.. check it out, it was absolutely brutal.