Fannie Mae-No Politics (FNMA)

[JOoa0ky]

Bro, the only thing treasury can take are the retained earnings and equity in FnF. JPS remains as debt and the new owners will inherit that obligation.

JPS remains untouched regardless of which scenario treasury wishes to utilize to get repaid.

Once again, I am asking you. Do you know the reason why there is even talk of JPS conversion?

familymang did the math for you back in June. Everyone is wiped out unless the Treasury decides to write down the LP and declare the SPS paid in full.

Rodney5
Re: familymang post# 756483
Thursday, 06/01/2023 5:33:06 PM
familymang, Please read what you wrote.

Quote: “ Today UST's Fannie LP is $185b, JPS LP is $19b.
- Fannie is worth approx $175b today (17.5b net income x 10 P/E).” End of Quote

Treasury’s Liquidation Preference calculated value that you gave is more valuable RIGHT NOW than your calculated value of the entire business! Both JPS and Common are wiped out!