Fannie Mae (FNMA)

[FOFreddie]

Hi Robert - it seems like Ackman is raising his profile. It is hard to imagine that Ackman would just stand by and let common shareholders get screwed by a SPS cramdown especially since there was absolutely no consideration given for the SPS Liquidation Preference. Some on the Board stress how the UST would want to maximize profits since they own the SPS and warrants. I would think Ackman would want to maximize his profits and fight for that - he should get PAR on his JPS and get his share of the 20 pct of the market value of the equity of the GSEs. Kind of crazy to think otherwise - or as Skeptic would say super hilarious. Ackman has skin in the game while we got some posters with no names and no shares and some here just for comic relief apparently