Replies to post #598320 on Fannie Mae-No Politics (FNMA)

[kthomp19]

why would you think that a President Biden would respect shareholder rights when a VP Biden did nothing?

I'm not expressing my own views when I say that a Biden presidency is not a big deal. Just repeating a view from another prominent poster (though I don't think he posts here, just on Twitter and Google boards, among others).

Did you think Corker/Warner was good for shareholders?

Certainly not. Corker and Warner wanted FnF dead and their shareholders zeroed out.

Do you think Biden would favor the money center banks or the Washington DC mortgage finance companies or shareholders?

Hard to say. I think Biden would favor TBTF banks, but it's also possible that FnF pref shareholders wouldn't get wiped out. In a Biden presidency, I would certainly not want to own the commons compared to the prefs. Of course, I believe the same is true no matter who wins the November election.

What past action by the Obama/Biden administration makes you think that a Biden administration would respect the rule of law and a fair outcome for private shareholders of the GSEs?

Again, this is a question for seysmont (on the Google boards). I was merely repeating a view I saw expressed by that poster.