Replies to post #660540 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Because it's awful for Commons. Anyone that's read the docs should be able to comprehend that.

Warrants are confirmed and will be executed. SPS still alive and rising.

Quick Recap now a priority for everyone since SPS keeps rising.

Slow Recap can be tossed out the window since the GSE's SPS balance would be nearly $400B by the time they have enough capital to get released.

FNMA Commons are now on life support. I would expect sub-$1.50 tomorrow, although even that's over-priced considering their bleak outlook.