Sunday, June 11, 2023 9:14:28 PM
If NWS is illegal, there’s already $310B overpayments to be returned to Fannie and Freddie. More likely, the overpayments will be treated as repayment to the $191B loan. With the loan fully settled, the warrants will cease to exist. Any other so-called conversion will cease to exist. Fannie and Freddie will be released from c-ship. Annual earnings of $15 per share will guarantee that Fannie and Freddie are worth $80 a share. That is my scenario.
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