Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"Our economy will not function effectively without our community and regional banking system. Therefore, the
@FDICgov
needs to explicitly guarantee all deposits now. Hours matter.

We also need a modern version of our deposit insurance regime, but that will take some time, and that’s ok as long as all deposits are guaranteed in the interim.

Regional bank stocks are an incredible bargain now as long as the gov’t does the right thing, and I am confident it will.

This means that one of the great trades would be to buy regional bank stocks or ETFs here. And the massive decline in rates makes this an even better investment now.

This is not without real risk, but it does offer very attractive asymmetry. I would be surprised if Warren isn’t putting capital to work in his favorite regional banks now.

Unfortunately, I won’t be able to participate as we decided that we wouldn’t invest long or short in banks as I want to continue to be part of this conversation and be able to share my views without the typical accusations against investors who share their views while having a trade on."

Our economy will not function effectively without our community and regional banking system. Therefore, the @FDICgov needs to explicitly guarantee all deposits now. Hours matter.

We also need a modern version of our deposit insurance regime, but that will take some time, and…

— Bill Ackman (@BillAckman) March 13, 2023