Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Yep! It's kick, clang clang clang, kick clang clang clang....until KA-CHING!
The JPS holders are gonna be a bit disappointed. Most of us realized this was a loooong haul capital raise. Not a "mug everyone in site" to appease a small group of JPS holders. The more time that passes, the more those guys might wake up.

Last prediction for GB was the S. Thompson appointment approval, that was supposed to set the jps on a skyrocketing stratospheric boooom this month, yet.....

What will he predict next?

I'll save him time. Recap is happening in real time, as we sit and await the final knife to drop in the courts. At that point, we are sitting at anywhere from 50% to 80% (maybe 100%+)of required capital, after cases and the changed rule. Then, it will be either treasury and FHFA do what is right, or they screw the pooch. That point in time is 2024, IMHO. about 6 to 9 months after the new administration takes the reins and S.Thompson is a footnote in the history of FHFA.