Replies to post #537865 on Fannie Mae-No Politics (FNMA)

[navycmdr]

GASBAG doesn't have a clue what is in Moelis

and REFUSES to SHOW that the BANKS

have PAID $243 BILLION in MORTGAGE FRAUD FINES

FANNIE & FREDDIE PAID absolutely ZERO - $0.0

despite me providing him the INFO + article + Link

[TRCPA]

And Gasparino had one source for that.

Josh Rosner later contradicted that report, via several sources that were in the room.....courtesy of navy via Rosner tweet.

[Commons_Cancelled]

Thanks for putting this together. Those bolded points really need to be driven home.

This is yet another reality which $FNMA Commons will soon face. It is quite possible that $FNMA Commons are already over-priced and could soon be in for a significant decline.

Everything is 100% dependent on the Admin's decisions re: Recapitalizing the GSEs. Hoping the Admin is generous to $FNMA Commons is not an investment methodology.

Happy $FNMA Gambling!

[trunkmonk]

His statement makes no sense, because it’s wrong. Seems whenever they feel it fits their agenda they use the old receivership or bankruptcy view of things. Common shareholders are at the top. En banc will spank any other thinking.

[JosephS]

Correct. JPM and Moelis folks said that the risk is severe dilution.

The reporting seems to be factual and in line with thinking around the trade.

Not a recco

[JosephS]

Severe dilution risks in common abound yet some people would like to say "full steam ahead"

Sometimes it sounds too good to be true and it is too good to be true.

Not a recco

[Guido2]

Gasparino and Bradford appear to be each other's source. Did either of them attend the meeting? If not:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149692286

[HoldenWalker99]

But most on this board don't like the sound of that, so they'll ignore... selective hearing and reading = severe cognitive dissonance.

C Gas in his recent tweet said, “this person said the general consensus was that the capital raise would be good for Fannie and Freddie preferred shareholders, who have a higher priority over common shares in such a scenario. Common stockholders, however, could be severely diluted with a big stock sale and thus the value of their holdings wouldn’t grow or would possibly decline”.

[Brooge warrants cancelled]

WTF does he know excep pump his old biceps?

[altruism]

Try telling everyone 25 for 1 rs 1.5 billion dilution on its way...