Replies to post #623375 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

An amusing possibility I saw mentioned somewhere was that FHFA could have the OTC just halt trading on FnF shares for a few weeks while the cases are settled and the SPSPAs are amended. Then if they also offer the junior-to-common conversion (with a short deadline) during the halt, the public would likely never realize just how much of a gain the juniors made.

You must've been on the same Super Secret FNMA Call yesterday as me. I hadn't thought about this possibility, but it's definitely not a bad idea if the Admin is truly concerned about a Hedge Fund Giveaway to Jr. Preferreds.

No one would really know what happened besides JPS and Commons. Commons would make a fuss, but it would all be said and done and it would avoid the public eye.

[Potty]

Kthomp, not sure about this political black eye from SCOTUS - any such ruling comes in Biden term right? Mnuchin waits for SCOTUS Ruling means the admin action is over under Trump right?

The tax cut was supported by the Republican Congress and so was passed by the people’s duly elected representatives to benefit ALL citizens... Admin action would be a back room deal to benefit Trump cronies - and the cries of corruption go up. Maybe Trump won’t care but he is a thin skinned and unpredictable creature

Anyway, I will see where SP goes and what cash I have in Oct, then I will decide... this market is such a shit-show that this might be comparatively attractive by then lol