Replies to post #425851 on Fannie Mae-No Politics (FNMA)

[CatBirdSeat]

What retail investors dont seem to get is that the Moelis plan is a scam. The purpose is simple, large junior preferred shareholders believe they will receive dividends, while the common stock stagnates at a low pps with no dividends. This is provided they con FHFA and the Treasury into this plan with execution of the fake illegal warrants.

I think these large junior preferred holders are willing to dangle out our money (warrants) to Gov, to get them to released, so they can claim A quick gain.

[CatBirdSeat]

These hedge funds pushing the Moelis plan with the warrants are just as crooked as those who perpetrated the net worth sweep.

Warrants are dead!

Go FNMA and FMCC!

[bcde]

"imo -the Moelis plan is a starting point ONLY and is far from being "

100% correct. Moelis seems to have right relationships with both the sides. That is good starting point.

Moelis plan is the starting point and will be adjusted based on inputs from various stakeholders. Obviously massive dilution will draw the attention of both the political parties and will be scandalous.

FnF do not need recapitalization because they never needed more capital to begin with. Gov loan investment was to assure the MBS markets that Gov is standing behind FnF. The massive accounting fraud at FnF only transfered FnF assets to Gov and denied dividends to FnF shareholders. FnF pref shareholders have lost about $20B (@6%) in dividends. FnF common shareholders have lost about $20B to $39B in dividends.

When illegal NWS is reversed by FHFA (Watt has already said that NWS has trumped laws) or by Courts, FnF stand recapitalized at 4% level.

So currently only plan FnF need is "Rule of Law" - reverse NWS and end conservatorship.