Replies to post #665421 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Potty - 100% false

If the liquidation pref is deemed paid gov will do nothing with warrants. It would be challenged in n court again as profiteering/takings.

You JPS guys continue to look at this issue strictly through a financial lens. The legal and political lenses play a much more important role.

You are failing to see the big picture. There is virtually no realistic way JPS outperform Commons from here on out. The ratio will continue to fall.

FYI, Berkowitz expects dividends to be turned back on in years ... no conversion.

The JPS investment has sooo many variables to solve for it truly is a quagmire trade. Ignore Tim Howard’s advice at your own peril ...