Replies to post #633504 on Fannie Mae (FNMA)

[kthomp19]

The argument of "Protecting" and "Enhancing" the taxpayers' value is complete utter nonsense when FnF has already said that they need to raise fees to cover their bases.

Apples and oranges. The fees are to protect the companies, while the warrants are to protect and provide enhanced value to the taxpayer. Completely different things.

If the ordinary taxpayer had to choose between the govt keeping more billions to "protect" and having the rates increase vs the govt keeping none of it and having no rate increase...

Which would they choose?

Again, apples and oranges. Treasury exercising the warrants will not increase g-fees, mortgage rates, or any other cost borne by homeowners.




I'll ask this out of curiosity: in this post you said you anticipated a partial pref conversion. Is this still true?