Fannie Mae-No Politics (FNMA)

[bradford86]

nah.

we aren't betting on a legal outcome buying this.

the main thing we are buying here is FNMA hitting 2.5% net worth absent SPSPA capital requirements in 2025 which --- if you ask me --- is another dimension of ... why is the government holding a publicly traded company hostage in conservatorship when if it restructured its equity they could legally exit conservatorship... since SPSPA basically makes a big hole in their balance sheet.

the litigation --- who gives a crap.. the current damages model is bust. the main value there is in appealing the damages model and getting in an actual breach of contracts damages model. i believe reliance damages were excluded using lamberth is a dirtbag reasoning --- i think that this only gets worse for the government if they don't settle.

congrats on your 200K+ FNMAT/S shares. $5M+ par value!