Replies to post #323573 on Fannie Mae-No Politics (FNMA)

[lumpina]

this seems to confirm that our only hope is in the Courts.

[mikoli007]

Couple of takes on this, Why would the government keep shares in FnF as they are wound down to nothing?
This also has nothing to do with release,reform then uplist according to the conference call the other day. The government can keep the shares all the while releasing them, reform them (my vote is for the way they suggested in the call) uplisting. Then the shares skyrocket all along, am I correct in this line of thinking?
So what they keep them in their coffers for awhile. This is actually good, NOT letting TREASURY sell without congress approval. All it does is does is put it in the hands of congress where it has always been!

[Bostonsesco]

Funny thing is a 2 year time line works great for me and it says the gov cant sell their shares which tell me us shareholder will be safe owning shares and i have a daughter looking at colleges so i need to appear poor for a short while. So if i can get her off and over the course of a extra year they can slowly release before 2008 it works for me :)??

[955]

Omnibus prevents Treasury from selling shares until 2018. What does this have to do with Obama admin release from conservatorship? Two separate issues, no? How does this cement status quo into law until 2018? Does anyone really think Delaware court will wait this long before making a decision?

News for 'FNMA' - (DJ Omnibus Bill Bars Govt Sale of Fan, Fred Stock -- Market Talk)

9:36 ET - The omnibus spending bill released by Congress overnight includes a provision barring Treasury from selling the government's stakes in Fannie Mae (FNMA) and Freddie Mac (FMCC) until 2018. The move is likely to disappoint shareholders, who had hoped the Obama administration might release the companies from conservatorship. The administration has repeatedly rejected that option, but with Congress unlikely to take up housing-finance reform anytime soon, the omnibus provision would effectively cement the status quo into law for the next couple years. Shares of both are down about 1%. ([e-mail]; @joelight)

[Bostonsesco]

Is their anything else in the bill that is useful or is it the just the bar for selling shares line ?

[Donotunderstand]

It is all in the final wording

The summary says - can not sell

So - ?

Does that preclude ending the Sweep on Friday and letting capital start to build up

Does that preclude the GOV saying - oops we took 20B too much so here F and F -- seed the new capital pool

And some of us have figured there would be some dilution and it is ok IMO as long as sales by GOV which create money go to F and F as capital

All in the final WORDS - one by one - in any signed bill