Replies to post #790170 on Fannie Mae-No Politics (FNMA)

[sortman]

The only way the Gov can get an additional $100 billion out of the twins is by exercising their options or converting their sps. They also need to raise additional money in a stock offering and get total capital, after cancellation or conversion of sps, up to a minimum of $225 billion. Conversion of JPS and a $70 billion public raise gets them there.

[sortman]

The only way the Gov can get an additional $100 billion out of the twins is by exercising their options or converting their sps. They also need to raise additional money in a stock offering and get total capital, after cancellation or conversion of sps, up to a minimum of $225 billion. Conversion of JPS and a $70 billion public raise gets them there. At that point there will be a minimum of 125 billion shares outstanding.

[Stern is Bald]

Are you calling yourself sophisticated since you don’t own common? Correct me if im wrong didn’t you need your father to restructure your loans since you couldn’t pay them? That’s pretty cool you have such an inflated opinion of yourself…

[Wise Man]

It's irresponsible to assert that POTUS has a say on the Conservatorships of FnF.

i expect biden will act

Only about the release, just because the UST chose a 3-option Privatized Housing Finance System revamp for the release, in a Report to Congress in 2011, at the request of the Dodd-Frank law.
The Book Value or Common Equity is a fixed amount.
The redemption of the JPS is a done deal because it's a corporate decision, as they will be no longer necessary to leverage FnF and comply with the ERCF.
Therefore, the White House has a lot to talk with the Congress (FHA's MMIF fund, HUD, etc).
Just not about the Conservatorships and their adjusted Balance Sheets (picture of a company at a determined date).

[Mr Michael]

Thank you very much Glen for wishing Viking and I success.
I believe that all of the “true longs” will have a strong payoff to come, whether they are common or preferred.

You have been very committed to this trade over the years.

Michael