Fannie Mae-No Politics (FNMA)

[DaJester]

Whatever it is, Treasury clearly believes it can't trample over the rights of the junior pref shareholders.

Past performance is not a guarantee future results. Nor do you represent the Treasury's thoughts unless you work there?

Converting the seniors to commons is the only way for Treasury to monetize them before 2040. That's because converting them to anything else won't fix the giant CET1 capital hole FnF have.

This is like a climate model, time will prove/disprove your prediction. Your crystal ball must know about future housing crashes, booms, fee changes and revenue increases over nearly 2 decades. It must also know what will happen with the ERCF changes over that time.

Kindly share winning lottery ticket numbers while you are at it. Oh, nevermind - "all attempts at prediction are equally useless"
So why are you pretending your predictions are better than everyone else's?