Replies to post #636469 on Fannie Mae-No Politics (FNMA)

[naveedkhan]

No bueno amigos!

[Guido2]

You realise that the cram down will immediately add $192 billion to the CET1?

[chessmaster315]

Bove was only correct 54% of the time, and, naturally he had no explanation for the "elephant in the room":

How is the US Government gonna get "more new shareholders" when the last group were butchered and "diluted"? Are investors so stupid they cant hear the screams of the previous shareholders getting butchered? (Remember, Hank Paulson said the first thing shareholders would hear, would be their heads hit the floor)
Of course, this means that shareholders are willing to pay, what, $2.00 per share?

This is insufficient for recapitilization.

The "only way" for fnma to be recapitilized is FIRST the current shareholders (commons) need to be "made whole" from the 10 year long theft (NWS).

It was explained to be the "Zimbabwe discount". You see, in 3rd world countries, Americans dont want to invest there very much. Why? Well because the government can rob the profits and take the company. You know, kind of like America with FNMA.