Fannie Mae-No Politics (FNMA)

[kthomp19]

Other than Robinhood not trading FNMA, what are the barriers to FNMA shooting up as GameStop did a couple of years ago?

1) Short interest in FNMA is far lower than it was in GME.
2) Treasury owns warrants for 79.9% of the common stock and could also exchange its massive senior pref liquidation preference for even more commons, meaning supply won't be an issue.
3) Without removing the senior pref overhang, FnF remain over $100B short of their regulatory capital requirements, which prevents release from conservatorship and the concomitant unlocking of economic value for the privately held shares.