I wish you were here. I spoke with the woman who put these slides together. She is as close to an “insider source of info” as I’ll ever get. She was an attorney for the Dept of Treasury and has consulted with Trump on all of this, and taking them out of conservatorship. She was telling me things I simply dont understand, as this is not my industry nor expertise. I would love to have had a knowledgeable debate with her, but I was way out of my league. She did tell me one thing….this is never gonna happen. She said the common shares will never be worth anything after the warrants are either exercised or expire. I couldn't argue, I dont know enough. I was just pissed hearing it. She also said the reason they havent been relisted is because they (FNMA) doesnt meet the federal transparency requirements to be listed on NYSE, they refuse to expose all of their financials. Not sure how that can be, but again…. I didnt know enough to argue.
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