Replies to post #384375 on Fannie Mae-No Politics (FNMA)

[Letgoofmyfannie]

Where Did All the GSE Profits Go?

Where did all Fannie’s Profits go?
Under HERA Law
Where did all Freddie’s Profits go?
"Conserve and preserve"
Where did our Investor Profits go?
Bureaucrats stole ‘em from every one
Investors everywhere got burned
Investors everywhere got burned

What did Hanky Panky do?
Stole the GSEs
What did Eddie DeMarco do?
Pathetically nothing
What did Timmy Geithner do?
Swept all profits from every one
A Conservator Ship of Fools
A Conservator Ship of Fools

Where did Johnson Crapo go?
No Bills passing
Where did Corker Warner go?
Such a long time ago
Where did all the “Reform” Bills go?
Died in Committee every one
What did they ever earn?
What did they ever earn?

Where did all the money go?
To Treasury’s General Fund
Where did all the money go?
Over 200 Billion
Where did all the money go?
Congress spent it on pork cost overruns
It makes investor stomachs churn
Makes investor stomachs churn

Where are all the Media stories?
Not much reporting
Where are the investigative reporters?
Covering dead celebrities
Where are the media reports?
Confused by GSE Complexities
What did they ever know?
What did they ever know?

Where did all Fannie’s Profits go?
Under HERA Law
Where did all Freddie’s Profits go?
While TARP Banksters got Sweet Deals
Where did our Investor Profits go?
Cong Rats stole ‘em from every one
But now the tide has turned
But now the tide has turned

[dryanwh]

I don't understand how you assume warrants won't be excercised? I think that is improbable at best, as none of the lawsuits are even contesting the warrants. I also think if the warrants were not likely to be exercised, we would have seen the common trade substantially higher by now. That said, there is still substantial upside to common regardless. I'm amazed the common didn't jump further Friday, but I think they'll move quite a bit by this coming Friday.