Replies to post #825872 on Fannie Mae-No Politics (FNMA)

[kthomp19]

Well it's a good thing I'm diversified.

In that FnF common are only a small portion of your investment portfolio? That would be very nearly wise.

Past government actions were directly aligned with the attempted dismantling of the GSEs and preventing them from ever exiting Conservatorship.

Only some of them. The January 2021 letter agreement that has allowed FnF to retain their earnings for the past several years was not at all designed to dismantle FnF or prevent them from exiting conservatorship.

If you think future government actions will be restricted to follow along those lines, you are intentionally ignoring the shift in government focus. This is not a "surprise" coming.

Treasury writing off the LP really would be a surprise given what the likes of John Paulson, Mark Calabria, and Jim Millstein have said.

You and I, and everyone else KNOWS he is not saying the Conservatorship is permanent, nor is the NWS.

So what?

Pay attention to what he actually said, not what he didn't say. The NWS "permanently alienat[ed] shareholders from the profits of the GSEs", and that directly supports my argument that claiming further actions beyond that (such as senior pref conversion) couldn't damage rights to those profits because the NWS already took them away in totality.