Replies to post #790925 on Fannie Mae-No Politics (FNMA)

[The Man With No Name]

KT has a better understanding of the situation than anyone on this message board. You and your friend aren't even in the same ballpark. Where I differ from KT is that I predict the chances of the SPS being converted are much higher than what KT predicts.

Treasury took 92% of AIG yet AIG had a fiduciary duty to common shareholders. FnF have no fiduciary duty to common shareholders.

The writing is on the wall for all to read if and when the time comes for release.

[Donotunderstand]

The only logical way out now is to claim a political victory terminating the SPSPA claiming to have saved the housing finance system while protecting the taxpayers


Something like the above is my hope - politics - be it the last three months of BO (post DJT win) - the four years of DJT - or Biden or who ever wins in 2024

IMO it can be so declared

[DaJester]

I agree Baron, I think it's more likely than not that they will have to amend, update, or invalidate the agreements.