Replies to post #729740 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"There have been no material updates for Fannie Mae and Freddie Mac in 2022. Both entities continue to build capital through retained earnings and now hold combined capital of $91 billion, up from nearly zero. As we have stated previously, as principally common shareholders (we own a small amount of preferred stock), we own valuable perpetual options on both entities that over the long term we believe will be worth many multiples of today’s prices once re-privatization occurs."

[955]

I periodically get asked about succession planning at Pershing Square. At age 56, loving what I do and in excellent health, my principal risk is what can be deemed “pie truck risk,” that is, the risk I look the wrong way crossing the street and get smooshed by a pie truck.

LOL! Cherry pies would soften the blow.

[Donotunderstand]

thank you