Fannie Mae-No Politics (FNMA)

[TightCoil]

Do you mean
Right or wrong, new investors in Fannie/Freddie won’t care how old equity got diluted. GM wiped out shareholders, came back with a clean cap table, and markets priced it normally. If gov’t steps back and the model’s sound, the multiple holds. Markets price forward, not backward. ? ? ?
Is that what you mean, that:
Right or wrong, new investors in Fannie/Freddie won’t care how old equity got diluted. GM wiped out shareholders, came back with a clean cap table, and markets priced it normally. If gov’t steps back and the model’s sound, the multiple holds. Markets price forward, not backward. ? ? ?