Replies to post #559296 on Fannie Mae-No Politics (FNMA)

[JosephS]

Add another 2 trillion for "pain and suffering". I am adding another trillion for "paint and suffering". So 3 trillion for us is like 1500 per share. That money is in the secret escrow account in the pyramid where Indiana Jones saved his dad with the holy grail.

Now we are getting somewhere. All we need is a couple others to endorse the AJP and we are done. Stick a fork in it.

Probably need to pull out that SEC letter and use the decoder ring on it, too.

Not a recco

[Here I am]

Better quality image of the evidence about how the dynamics of the Treasury's purchase of Preferred Stocks work.
This proves that they are meant to recapitalize FnF, but the Treasury bought "cumulative" SPS that doesn't recapitalize them, unlike "noncumulative" (Core Capital).