Freddie Mac-No Politics (FMCC)

[NeoSunTzu]

Was the admin really thinking they could do an ipo/spo while still in conservatorship?
It seems that way because Ackman presentation said it would fail
Banksters probably said the same thing

Well somebody was lying, fooling somone, or being foolded because they all humped the big November IPO timeline WHILE they met with investment bankers AND WHILE Bartiromo was claiming LIVE ON CNBC MULTIPLE TIMES that investors were chomping at the bit and the IPO would be WILDLY OVERSUBSCRIBED!

All of that is factual information. I do NOT believe Lutnick nor Bessent nor Pulte nor Trump were lying. So, Wall Street was just paying lip service or lying to the administration to buy time for God knows what. It's easy to see that Pulte and Trump could have been taken in as they are NOT experienced in IPOs and, although both are investors, the taking companies public thing is a whole different ballgame. But f'ing Lutnick (who was CHAIRMAN and CEO of Cantor Fitzgerald) and Bessent (who's been in high finance his entire career) - THOSE TWO SHOULD'VE CERTAINLY KNOWN BETTER!

My guess is the Fed (who currently hold over $2T in MBS and have publicly stated their preference is to ONLY hold treasuries), the financial establishment (who want MBS full explicit guarantees), and the Treasury lifers (who won't budge on concessions) are the big dogs hogging the bone.