Replies to post #807743 on Fannie Mae-No Politics (FNMA)

[JSmith5]

Pershing Square has accumulated some 115 million shares and no CLOUT whatsoever came with that large position. Ackman got no more respect from the fraudsters than did the shareholder with 100 shares.

Until we get released, having 115 million shares of FNMA is like saying you own the biggest house in Hyattsville - like - so what.
The key is whether some or all of the seniors are going to be converted as part of the release. I am betting (literally) that they will be erased. If not, after we get released, it will still be like saying you own the biggest house in Hyattsville and not enough left over to pay the property taxes.

Just like a bet on the GSEs overall was based on a DJT win, the bet on the commons is all about the Seniors.

Nats

[2latefortears]

Considering who the presidents have been during the time he's owned shares, is it any wonder?