Fannie Mae (FNMA)

[kthomp19]

Yes, I said it. The government has been paid back that is the truth. Not opinion.

No. What you said was "Lp to be zeroed and not converted. Return of excess money to be used toward recap of companies. Let's make this official because it is the truth." Your "truth" was not in reference to whether Treasury has been repaid. Instead it referred to things that have not happened and may never happen. That isn't "truth".

Plus I addressed the equity vs debt issue you raise. Semantics. You know exactly what was meant, but if you didn't...Now you do.

It's not just semantics. The difference between debt and equity is enormous, especially when it comes to repayment. When the principal amount of a debt is paid at maturity, the debt is extinguished. Equity, on the other hand, never diminishes in value (in terms of dividend and liquidation preference) no matter how much money the holder receives and has no maturity date.

I have never quite understood the argument that because Treasury has received more than it paid out, therefore they should give up the seniors for no return consideration. Why would they do so?

It does matter what "bless" means. They didn't bless what happened. Only what they think happened.

Now this is a good example of semantics. There is no difference between what happened and what the Supreme Court thinks happened. They had all the facts they needed regarding the NWS and still ruled that it was legal and authorized.

Kind of like the untouchable Confirmed Director. He/She was okay until they weren't. Just give it time.

No, this is not at all the same thing. The Supreme Court directly ruled that the NWS is legal and authorized. Them reversing their own ruling is far different than issuing a ruling on an issue they had never considered before.

Truth should come out. But if it doesn't then maybe YOUR opinion will come true.

Whether or not my opinion comes true (that the Supreme Court won't reverse their ruling that the NWS was legal and authorized) has nothing to do with the truth coming out, whatever that even means.

Similar to the dozens of repeated conversion and dilution doom and gloom I get to skim through daily.

And yet those are greatly outnumbered by pie-in-the-sky common share price estimates that give no consideration for any downside scenario. Something tells me that skimming through those is not nearly so bothersome.