Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hey Money Robot,

Personally I think the JPS get paid out with divs from 2012 so 150 to 175% of PAR. What I think is dangerous is the slippery slope where it is ok where one class can get screwed where the other class gets what is fair.

DJT will make any deal an issue and if the commons get screwed he will make political hay out of saying that JB is siding with the RINO and lib dem hedge fund guys. Also if they can screw the FMCC shareholders they can screw the Farmer Mac and other GSE entity investors in the future. Just a bad precedent - there is enough money here for the UST to make a humongous return and where all the shareholders are treated fairly.

Check out the last paragraph of the CBO report regarding Farmer Mac if you are interested.