Fannie Mae-No Politics (FNMA)

[Achilles deFlandres]

Agreed: Selling $30b initially primes the pump for subsequent sales of the remaining warrant shares at increasing prices give UST 79.9% of the estimated $500b. Also, following the pattern of what I believe happened, there will never be a dollar from UST to F&F, this has and will continue to be a disgorgement. In that idea, $30b sounds suspiciously close to a preferred share redemption. I don't believe the government wants the Juniors hanging around with ongoing government control. I don't believe the SPS will be cancelled but another amendment to adjust the ongoing dividend to the government will be necessary; The government has stated continued control of the twins. Trump chasing $9b of never to be realized DOGE "savings" while spending the limit with the other hand is not going to let this warrant money go. The timetable is somewhat predicated by the warrant expiration date and coincides to a degree with the end of Trump's term.