Fannie Mae-No Politics (FNMA)

[ZZ Fannie]

@MRJ: selling the warrants back sounds good but it’s not rooted in reality.

Fannie/Freddie cutting a giant check to Treasury right now would:
• Nuke their capital
• Blow the NYSE uplist
• Trigger new capital raises
• Add YEARS to release

That’s literally the slowest path possible.

Ackman just laid out the ONLY path that gets this thing moving now:
SPS = treated as PAID
Treasury EXERCISES the warrants (costs the GSEs $0)
NYSE uplist
Spreads stay calm
Trump/Treasury get a fat payday instantly
3-year clock starts to exit conservatorship

You want speed?
You want F2 FREE?

Then WE want THIS.
Warrant buyback = fantasy football.
Exercising = game on.

Commons win when the process MOVES, not when we invent delays.

Lets F*ing GOOOOO!! Woot Wpoot!!

100% COMMONS Long and Strong AFFFF!!!