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FOFreddie

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Re: jcromeenes post# 782058

Tuesday, 01/16/2024 10:51:39 AM

Tuesday, January 16, 2024 10:51:39 AM

Post# of 795790
Fair observations jcromeenes - no one is holding their breath - just their shares. I have been holding since May of 2008 when I bought FNMAT on the new issue at $ 25. The reason the JPS is trading at 10ct on dollar is that we have been screwed for over 15 years and screwed before the Conservatorship also. Ultimately the best thing we have going for us is that FNMA and FMCC are one of the most profitable financial companies in the world and are worth $ 200 to $ 400 bn - the questions are how much of this value is going to be taken by the USG? and for how long?
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