Replies to post #703172 on Fannie Mae (FNMA)

[JusticeWillWin]

This also means Trump would have exercised the warrants, right?

But this still means FNMA > $25 or even higher, if the warrants were exercised over a longer time period...

Your post:

"Fannie Mae and Freddie Mac shareholders hoping to be made whole in Collins v. Yellen have a new champion: former President Donald Trump.

In a Nov. 11 letter sent to Kentucky Republican Sen. Rand Paul, Trump wrote that, had he been able, he would have given former Federal Housing Finance Agency director Mel Watt the boot much sooner. Doing so would have allowed him to quicken the pace on releasing the two government-sponsored enterprises from conservatorship, he said.

“From the start, I would have fired former Democrat [sic] Congressman and political hack Mel Watt from his position as Director and would have ordered FHFA to release these companies from conservatorship,” Trump wrote. “My Administration would have also sold the government’s common stock in these companies at a huge profit and fully privatized the companies. The idea that the government can steal money from its citizens is socialism and is a travesty brought to you by the Obama/Biden administration.”


https://www.housingwire.com/articles/trump-comes-to-the-aid-of-gse-investors/

[TRCPA]

The bottom line is the Trump administration used taxpayer money to fight every lawsuit the shareholders put up against them. He then installed Calabria as FHFA head, who also talked a good game before he was in office, before setting ridiculously high capital standards, and doing nothing toward release from conservatorship.

Meanwhile, Trump appointee Mnuchin at Treasury stood by and watched it all.

Unless Thompson has another good card to play, this is going nowhere.

I'm with Bradford's prior thesis. Looks like the only opportunity is a utility model, which would be damn fine by me at this point.