Replies to post #749468 on Fannie Mae-No Politics (FNMA)

[bradford86]

To be fair they have lost like $120b simce 2006. 2b shares x $60 per share

Now at 50 cents they are like $1b of outstanding value

For two companies that generate like $25b per year.

The tragedy has already happened. The value of their shares has already collapsed down like 99%. From this point moving forward their actual share value can collapse again, but they dont have $120b to lose, far less.

So from that vantage point they could lose theiir current $1b and end up with like $10-100m. That would be spspa conversion.

Anyway… the point I am making is that the real damage has already taken place as the valuations have collapsed to reflect a lot of it.

The only tragedy here is one of blind expectations. I have a friend named Matt who served in the marines and believes in truth and justice and has held commons for a long time and still thinks eventually he will become a millionaire on them. And if truth and justice were to prevail i agree he should be.

But the nws survived the bald ruling of collins in scotus twice now. And the warrants have no legal challenge.

The warrants alone prevent truth and justice but i see no way of stopping them

Anyway i just hope for a miracle but have told matt humdreds of times to get enough par value in preferred to retire and i think he probably could if he wanted to. He is a simple man and so am i.

Anyway. I find the plight of the commons relatable and sympathize with their losses and hate having to warn them about the spspa converting on them and destroying what little hope they have left but misplaced hope is an ingredient for sadness and possibly future learning experiences. Wishing the best but outlining the worst out of the kindness of my heart because i feel bad for these guys and gals who believe in justice