Fannie Mae-No Politics (FNMA)

[JOoa0ky]

Half of this board is going to get wiped out.

I used to feel bad about it but not anymore because everyone here has tried and it's just not going to work.

If common fantasy land is where they want to live then let em live it.

Conservatorship and NWS aren't even the worst of this saga, for the greatest tragedy for FnF has yet to come. It will happen when commons get diluted to 0.01% with senior conversion and warrants exercise.

Only for those among us who do not understand capital structure and the mechanics of this recapitalization and restructuring.


I hope you look forward to walking away from this with nothing great to show for it. Of that is the outcome you seek, then party on. As for me, that would be heartbreaking