Replies to post #481459 on Fannie Mae-No Politics (FNMA)

[kthomp19]

Freddie has a 4 B share authorization and only 651 M shares issued. Fannie has a 2 B share authorization but has already issued 1.1 B+ shares, with little room to support any recap via a secondary offer. So a merged F&F may well be the only way and release is possible from an administrative angle.

Or, you know, the boards (at FHFA's direction) increasing the authorization. Something Freddie has already done in conservatorship. They went from 800M to 4B, so nothing would stop them from going to 16B or higher if necessary.

Same with Fannie, though they have no maximum authorization anyway. I have proof for that, while you have posted no proof for the 2B number that could possibly supercede official SEC filings.

Actually, I find it interesting that you treat Freddie's SEC filings as a credible source for maximum share authorization, but refuse to do so for Fannie. Unless your "copyrighted" secret info corroborates Freddie's number.

You never did find those common stock prospectuses with a maximum share count either.

F&F, as of today, have basically recoupled (after months of alternative direction). On a share volume exceeding 13 M shares, this means something.

Maybe. These two have done several dances over the last few years. Freddie traded at a big premium to Fannie recently, then it reversed. That ended up being meaningless, so why would today's convergence necessarily mean anything?