Replies to post #717149 on Fannie Mae-No Politics (FNMA)

[Clark6290]

I sold all commons a while back and bought FNMAT, posted here when I did. I believe Glenn is right about the Jr preferreds, but his SA article isn't the reason for today's gains. Sorry, but no referent power like Musk or Buffet.

[M I A]

No, they're not. But I understand they have to keep up appearances. FnF have been ready. Seeing how they never needed c-ship to begin with. She's keeping the narrative alive.

Saying FnF are being helped to end c-ship implies we need help. Needing help is the lie they keep alive.

Being helped means FnF needed help to exit.

Needed help to exit means FnF needed c-ship.

Needed c-ship means FnF needed bailing out.

Needing bailing out means FnF were/are to blame.

FnF were/are to blame for GFC means gov saved us, it's all (our)FnF's fault, and whatever 14 year and longer torture we are exposed to and loss of property and loss of capital is to be expected. We should be lucky for scraps.

NO.

$360B+ Market Cap (both)
That's all.

We're great and have been for awhile.

*Disclaimer
Not my opinion (except for mc # that's imo)

[PennMilitia]

Hmmm...Barely Any Capital

Hmmm...That's because you stole all of it.

[trunkmonk]

happened to follow a post back to yours. im so glad i aint got to read this junk

[955]

Sandra Thompson not needed, Treasury/FED is and has been controlling this. FHFA merely a front to carry out the misdeeds. How many tranny's do they employ??

FHFA Is Working With Fannie/Freddie To Help End Conservatorships
Apr. 08, 2022 12:13 PM ETFederal Home Loan Mortgage Corporation (FMCC), FMCKJ, FNMA, FNMASFMCCG, FMCCH, FMCCI, FMCCK, FMCCL, FMCCM, FMCCN, FMCCO, FMCCP, FMCCS, FMCCT, FMCKI, FMCKK, FMCKL, FMCKM, FMCKN, FMCKO, FMCKP, FNMAG, FNMAH, FNMAJ, FNMAK, FNMAM, FNMAN, FNMAP, FNMAT, FNMFM, FNMFN, FNMFO, FREJP22 Comments1 Like
Glen Bradford profile picture
Glen Bradford
4.53K Followers

Summary
FHFA's Sandra Thompson says the GSEs have barely any capital and that adequate capital is a precondition for exiting conservatorship.
Sandra Thompson says she can't unilaterally end the conservatorships, presumably because the Senior Preferred Stock Purchase Agreement with Treasury prevents raising capital.
Sandra Thompson says that FHFA is committed to working with Treasury and is working with the enterprises to take steps to end their conservatorships.


https://seekingalpha.com/article/4500467-fhfa-working-fannie-freddie-end-conservatorships?utm_campaign=twitter_automated&utm_content=article&utm_medium=social&utm_source=twitter_automated