Replies to post #554923 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

Never ever seen an underwriter back anything other than a stocks market value, not once based on how cheap it gets to market for any future outlook or reason.

[jeddiemack]

So price it at firesale giveaway and make underwriters and new purchasers happy that they got something at 25% of fair value or less?

Makes no sense to the current shareholders for which duty is ultimately owed.