Replies to post #777618 on Fannie Mae-No Politics (FNMA)

[Guido2]

The govt acknowledges it took in $301 billion. That's a whole lot more than $193 billion. Only scoundrels and fools would argue otherwise.

Once again you're getting away from your original criticism of my post on X.

Bernie Madoff was no competition to @FHFA & @USTreasury . His victims recovered 91% of their losses. Fannie Mae & Freddie Mac have recovered $0 of the $301 billion swindle.

FREE FANNIE!
FREE FREDDIE!
PROVE US ISN'T A BANANA REPUBLIC!https://t.co/V1BB5Ux52c

— Guido da Costa Pereira (@GuidoPerei) December 12, 2023

[nagoya1]

Wrong- Wrong-Wrong-
Reminds me of remedial classrooms when I was younger, some never understood simple math. 2+2 is challenging for you.
It’s been posted, sorry for the gse level of understanding being above yours.
Hang in there, pref solution dilution
Story telling is like the Easter wabbit.
Fnma

[DaJester]

This is why I think write-off is at the very least possible. Assuming your math on conversion followed by delusion <sp> nets the govt ~$100B vs ~$80B for warrants alone... You are acknowledging that the difference between write-off and SPS conversion is just an extra $20B in the Treasury's pocket?

That's some serious effort and bad political optics for not a lot of additional gain for Treasury, IMO. If they use "waiving" the SPS as a bargaining chip they can likely get shareholder to agree to warrant exercise and let the commons climb to $20 and JPS to par.