Fannie Mae-No Politics (FNMA)

[Wise Man]

Christopher Whales is clueless about FnF matters and he is just annoyed about the share price, which reminds me the plaintiff Joshua Angel who writes on this board with 30+ aliases, always obsessed with the fact that a common stock is worth more than his JPS, once the numbers are adjusted. This is something that he can't withstand. Either he throws numbers at the wall: $10, $20, always below his JPS par value, or he claims that a common stock is worth $1,500, to portray the shareholders as lunatics.

The problem of being so clueless is that your take could well have been written by a kid.
Whales doesn't even know that the SPS are no par value Preferred Stocks, when he calls for monetizing the SPS at their par value.
This is because he has never read a document about FnF: Charter Act, FHEFSSA, HERA, SPSPA, SPS certificate, etc.
All he knows was learnt on the streets.

He comes again with the slogan that President Biden is the one that releases FnF from conservatorship, disregarding that it's a FHFA Conservatorship and the FHFA is an independent agency of the Federal Govt, not subject to the direction of any other Agency, waiting for the direction of Congress, as the UST recommended a Privatized Housing Finance System for the release (guarantee fee increases, 3-options, etc.) in 2011, at the request of the Dodd-Frank law.
The laws, regulation and financial concepts are for grown-ups. This is why he is just a kid, like Bradford with:

These two companies have a net worth that increases every day. At some point it has to mean something.

Good! We will wait to reach that point, so he can explain what it means.
For the moment, it means stock price manipulation and Making False Statements, for the cover-up of the fact that the SPS LP increased for free in the same amount as that Net Worth increase in the quarter, and its corresponding offset with reduction of Core Capital, are missing on the Balance Sheets (Financial Statement fraud).

These annoying kids spend all day bashing the enterprises. It's time to take their ball away.

HEY KID!
-MBS aren't gteed by the U.S.
-FHFA's control of Conservtrshp, not govt's. FnF operate business as usual: UST backup of their operations
-Funding Commitment Fee, barred(CRT,too)
-Charter revoked(2011 UST Plan)
-Max Credit rating:CET1>2.5% of ATA(Separate Acct)#Fanniegate https://t.co/2ibY2SUmOL

— Conservatives against Trump (@CarlosVignote) April 12, 2024