Fannie Mae-No Politics (FNMA)

[Fully Diluted]

Hi Glen,

It's better not to refer to reports that you consider to be poor. How much are the JPS worth according to the CBO – in a receivership scenario?

None of us knows how this will all turn out. But the plan presented by Ackman makes the most economic sense for everyone. His proposal to consider the SPS as repaid so that the SPSPA funding commitment can be replenished to $445 billion is brilliant. This would pave the way for significantly reducing F2 capital requirements without losing the rating agencies' top rating. And lower capital requirements automatically lead to lower mortgage rates. Think about it, it's worth it.

GLTY 😎