Replies to post #525402 on Fannie Mae-No Politics (FNMA)

[RickNagra]

IPO is not really the correct term. It should be called secondary offering which results in the expected dilution. Fannie undiluted price is $300. With 10X dilution our price becomes $30. Therefore is nothing to worry about here. I am WhaleBalls.

[Donotunderstand]

new IPO talk?

where have you been

I think everyone has assumed for years that there will need to be some dilution to raise capital

that is not new

will we have to pay for the SPS to go away
will the GOV exercise warrants

lots of open questions -- but IMO - a capital raise dilution is a 100% given … however --- if there is time put aside to raise capital from earnings and also no warrant exercise that tops out our upside at say $20 which is GRRREAT by me

[Always wondering]

My advisor didn’t like it either. Reminded him of what happened to GM shareholders...
Different scenarios but would rather hear the term SPO from officials that should know better which term to use.

If Calabria intends to be accurate you would think he would say SPO instead of IPO.
Although many “experts” have used the receivership term instead of conservatorship.
I would hope Calabria would know the difference.

[Always wondering]

Maybe Calabria is thinking an IPO for the common securitization platform / CSS