Fannie Mae-No Politics (FNMA)

[NeoSunTzu]

If the IPO is oversubscribed as Bessent says, then why isn't more volume in the common?

The misinformation on this board is often the source of a good deal of anxiety. Bessent DID NOT say the IPO is oversubscribed, in fact, he DID NOT even confirm that it would be done before the end of the year when asked about it by Maria. Bessent said they were looking to make a decision about the IPO by September or October.

It was Maria in her incessant rambling enthusiasm, who said that "... in speaking with people on the Street (meaning Wall Street) the IPO is wildly oversubscribed." Neither she NOR ANYBODY on Wall Street would be able to credibly make this statement because for an IPO to be oversubscribed there has to be a specific deal on the books with a known number of shares being offered where demand could be compared to this offered amount of shares - NONE of these elements currently exist!

I love Maria, but she is just like any other journalist hosting their own show - long on enthusiasm and Wall Street hype, but quite void of any details or facts. You cannot be oversubscribed on an IPO that isn't even scheduled yet.