Replies to post #744888 on Fannie Mae-No Politics (FNMA)

[KenKong]

Sticky please!

[Clark6290]

Thanks Bud. I noticed you forgot to underline in red the portion on the Jr. Preferred share, man even the FNMAT I hold. Appears that Glen has hit the proverbial nail on the head!

I am confused with the usage of IPO, this is essentially a secondary offering. Dilution to the max for commons; wow, my FMCC shares may still only be at the penny stock level, hope I can at least break even on my sub $1 "cheapies."

[toupeeman2000]

In the letter from Hindes and as posted by Navy, 3rd paragraph...

"And it's clear she has been interacting with the bankers (Morgan Stanley and JP Morgan) as referenced by a comment that she made that an IPO in conjunction with their release would be the "largest in history". "

I just listened to the interview between Dennis Shea and Sandra Thompson on March 31, 2022, and she did use the term IPO (at about 30 1/2 minute mark).

Since she used the word "IPO", wouldn't this mean by definition that any/all previous common shares would not exist? A "Dilutive Secondary Offering" would create more shares and raise more money, but an "IPO" can only be done once. To me, this would infer that there may be a plan that would wipe out commons.
(I see Clark already picked up on this)

Comments please.
Thanks.

[Achilles deFlandres]

Thank You. Old farsighted eyes couldn't read it on my phone. Home now and this certainly seems better than the rhetoric of those who nationalized this 10-14yrs ago.

[basesloaded]

Sticky

[Donotunderstand]

??

the LP is basically an accounting entry ?

WTF?

I do not know how the US GOV or TREASURY counts stuff on its Balance Sheet or how it does income and expense

The LP is not the issue - the SP obligation is the issue. Indeed the LP itself is "nothing" but so what? Where and How does "the GOV" book its Senior Paper Holding?

If booked as worth the LP amount (forget the LP line itself - think Senior Paper Asset line) then - I assume but do NOT KNOW GOV accounting ---- the GOV would need to book a loss of the value of the SP (which, is not a CASH COST !!!) Such non cash loss would likely impact the annual deficit count - likely - but not cost a dime more in taxes as it is not cash. Exercising WTS brings in fresh new cash in 100B zone + if the SP is set to zero by "decision"

[Wise Man]

BOOM. @navycmdr posts the Hindes' letter for a second time.
A letter where we can see that he removes the signature of this hedge fund manager and his hedge fund's name, at Hindes' request. That's why navycmdr attachs a picture of Biden beside Hindes.
A letter filled with lies.
Also, the prior day, again with the 10% interest mantra, instead of dividend (restricted and only paid out of a positive Retained Earnings account)
And the shadow capital metric "Capital Reserve", that even is a lie with $94 billion, because it's $0. FnF are bound only by the capital metrics in the FHEFSSA, showing a whopping $400 billion capital shortfall over Minimum Leverage Capital requirement.

[ewtrader]

HINDES letter - favorite part is page 3 - only recovered if liquidated - not gonna happen

[GVInvestments]

$1,500.00 per share in the future coming.