Replies to post #778001 on Fannie Mae-No Politics (FNMA)

[nagoya1]

Hello GSE fanniegate hq…
Yes, how much for a fulscrum gse pref dilution solution thingamajig…?
I have to ask my Dad…
Nevermind, anyone using a shellphone has a few skateboard screws loose.
Fnma

[Donotunderstand]

killing the obligation or whatever you call it of the LP or SP is a political decision
not an accounting or math decision

the politics - IMO - might happen if WTS are exercised - GOV brags about this and that and a future 100B profit or housing stimulus over 3 years or lower deficit or whatever

math and accounting are on back burner ---- maybe at 10% chance

but given the goal is a PPS of 25 for JPS or Common - 10% chance means a good spec up to $2.50 a share and a review of odds