Replies to post #695901 on Fannie Mae-No Politics (FNMA)

[5bagger]

Wrong Kthomp

And please don't answer "lawsuits" because the only thing that might stick is a takings claim, which can only result in an award in the amount of the share price drop from before the senior-to-common conversion to after, a few billion at most. That's a drop in the bucket compared to the upside for Treasury.

At the time of the taking, the PPS was low. The shares dropped the next day and went up and down.

Went up to $22 (SEP 2019) for the "cheapie" JPS from FMCC.

The value that was taken was the RV and the missed dividends. Many are not just saying $50 (or $25) RV, but also the missed dividends since 2012 or since the 10% moment or whenever.

You say it's a drop in the bucket. Some say it is $33B + missed dividends which could be a total of $50B.

Common is harder to figure out, but it is not the value then that was taken - because all assets were devalued, but what the assets are worth now.

They stole companies and claims to the companies.

They didn't steal pieces of paper as you seem to think.