Fannie Mae-No Politics (FNMA)

[jeddiemack]

There is no good honest reason why fannie and freddie shouldnt be immediately released from captivity.

Money returned to them plus interest for the over payments. (thus the liquidation pref - vaporized)

The warrants (fruit of a poison tree) shredded

and poof...

recapitalized at sufficient marker to allow common stock back on nyse... prefs then get happy as they now get market value for their investment as well.

once this is done ...

soon, prefs get their dividends - or redeemed / repurchased....

And commons get fair market value...

Government oversight continues thru an honest fhfa or successor... but no longer a political toy...

this could all happen monday and by friday... all would be well.

sadly...

They took like a pirate ship did in the movies the sails of fannie and freddie... how easy it would be to restore them...

The pen is mightier than the sword... just do it and do it now.

enough already!