Fannie Mae-No Politics (FNMA)

[Sogo]

Ha well Jimi stood on some shoulders, too, I guess. Charley Patton, T Bone Walker, Buddy Guy, Charlie Christian, Lonnie Johnson. But he transcended them all combined. Just like we hope FNMA will transcend, say, these other tickers: VZ, WMT, BA someday not too many years from now.

Your info about the rights process was informative. Sounds like it can get pretty hairy and tricky for regular retail joes to navigate.

Question: does Ackman's suggestion that FNMA should adjust its business model to become like a REIT mean that FNMA could somehow remain in existence beyond the run-off time period (in a world where Berkowitz's offer was accepted)? Berkowitz's plan seems to preclude that possibility doesn't it? So can we surmise that Ackman thinks Berk's plan won't fly?