Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Yes, I really believe this, because the CBO believes this. Check the paper. Any scenario where capital threshold can be reached has JPS at $35B.

But if you really wanted to go there, yes, the government can do whatever it wants. They can take your house and your dog if they want. They just have to provide just compensation as per the fifth amendment.

If Treasury and FHFA conspire to liquidate the JPS, all they're doing is making our contract claims ripe by making an anticipatory beach an actual breach, and they'll pay us for takings in court.

I think this is what our friends with commons don't understand. JPS are protected (somewhat) by priority and contracts, commons are not.

If Treasury and FHFA zeroed the JPS and exercised Treasury's warrants, JPS would get paid in full. But we know they won't do this as they can simply offer a reasonable conversion to JPS which would make their newco ownership interests more valuable.

Further, a conversion would moot the JPS lawsuits. Thus, no impediments to release.