Fannie Mae-No Politics (FNMA)

[Ace Trader]

Interesting angel in 24 months?

Tim Howard's comment on Treasury's options to monetize its stake in Fannie/Freddie. The math should be obvious to everyone:
1. Warrants exercised, seniors written off: 80% of $250-$300bn market caps is $200bn-$240bn upon organic release from conservatorship in 24 months at 10-12x… pic.twitter.com/fSpbw7t4QL

— Alec Mazo (@Alec_Mazo) May 16, 2024

By writing off the Seniors shares and exercising the warrants would that make JPS 100% whole??

By excercising both then both JPS and commons get a huge haircut. ??

But I do like the 24 month time frame. Like many here been waiting years.......