Replies to post #697840 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I have noticed lately that the instant recap scenario (the twin of the dilution solution) has been losing steam since November 2020, almost as if it got flushed down the potty.

[bcde]

"Why do I like the JPS? Maybe cos it has contract claims, and other outstanding cases, whcih are still alive rather than long dead"

Do you know why FnF are not buy back their JPS at almost 94% discount price from the market?

[Achilles deFlandres]

I agree. They aren't giving anything away; the government has almost everything it wanted.

1. A fledgling bureaucracy that will grow forever with self funding and social programs abound. Nothing like a self funded bureaucrat nursury!We know the growth will have slowed when FHFA gets it's very own swat team.
2. The lion's share of the revenue. I believe there are some in DC who like this but the ones who really get it realize DC is awash in funds even in these debt ceiling times. They can make the interest and payroll payments, they can't continue their primary purpose of forcing the taxpayer to fund the conquest of eliminating freedom.
3. They get to pay their Attorney buddies (and plaintiff council buddies also) to defend all the lawsuits, again in perpetuity. I wouldn't be surprised if one or two of these goes to SCOTUS 2 or 3 times. Wash rinse repeat...Judges getting promoted and or retiring help randomize the process.