Replies to post #823324 on Fannie Mae-No Politics (FNMA)

[jeddiemack]

Sadly that threshold is actually less... much less.

Control is actually the burden.

If you have control... and own less than 50% then you'd still have to consolidate.

The government, through the in the money warrants and control... should be "consolidating" them anyway in a regular world... but we are not.

we are in the make believe world of government fantasy land.
..
The warrants are trash, they are fruit of a poison tree and they are scurvy ... every honest person knows this as fact. we collectively need to make the perpetrators know this too.

[kthomp19]

There is an accounting rule that the balance sheet should be added to that of the parent if the have a stake above a certain threshold. My memory is that those making the takeover thought that the threshold was 80%.

Perhaps it was 80% in the past, but in 2014 it was changed to 95%.

Millstein's 92-94% is a suspiciously specific range.