Fannie Mae-No Politics (FNMA)

[The Man With No Name]

The commons will be worth whatever Treasury allows them to be worth.

It's as simple as that. The only real question is what kind of haircut the JPS are willing to take. Everything is central to the JPS question. New money/Treasury's final equity stake....it all centers on the amount of JPS haircut.

Commons are a non-issue. An afterthought. Treasury needs nothing from commons for a release/capital raise.

The notion that commons will be worth big dollars when equity with priority over commons is taking a haircut? 🤔 SMH