Replies to post #596669 on Fannie Mae-No Politics (FNMA)

[kthomp19]

Personally I think it would be stain on the legacy of Secretary Mcnuchin and President Trump to perpetuate the greatest heist in the history of the financial markets.

I don't see what this has to do with common or preferred share prices. I see a path forward that involves FnF being recapped and released, the NWS ending, and the seniors cancelled that still leaves the commons trading below where they are today. To be sure some will see that as injustice, but I can't say I would agree with them.

Common shareholders deserve a fair return.

An opinion I don't share. I don't think even the preferred shareholders deserve a fair return, but I also don't think "deserves" has anything to do with it.

Trump can make $30 to $50 bn for the US Taxpayer on a deal that Obama was going to give away for nothing under Corker/Warner.

The warrants being worth $30-50B is about right in my estimation; a price of around $5-6 per common share. I wouldn't assume that Treasury wouldn't have gotten that money under Corker/Warner, though. I think Corker/Warner would have been a permanent NWS.

It is not worth bantering about this any more. It would seem that we will know how most of this is going to turn out some time this year.

Suit yourself. I appreciate the back-and-forth. Cheers.