Fannie Mae-No Politics (FNMA)

[bradford86]

I dont want to be right about this one where commons get screwed if they expect spspa writedown. I hope for your sake the lp isnt converted a la aig and just the book value. Anyway, i come here simply to warn about this. After it happens, no real reason to come back and “gloat” if you will. At that point it would be to compare notes on valuation expectations from thence forth. Anyway. I think equity restructuring happens this year. Looking forward to the future after this. Trying to sort that out