Replies to post #846206 on Fannie Mae-No Politics (FNMA)

[Lionscantwinagame]

That's the most logical thing to do. Avoid the absolute absurdity in creating 30 billion shares and trying to off load that garbage into the market. Garbage in makes garbage out.

As you've shown, a similar return can be achieved by using common sense. Ultimately a higher return will be obtained for both the government and common shareholders without the senior preferred nonsense. This being from a higher valuation that otherwise wouldn't be achieved with a senior preferred and warrant cram down that the junior preferred holders call for.

[bradford86]

right; i dont compare this to non-sps conversion scenarios because those are not in treasury's best interest --- unless a handful of common shareholders are able to gaslight treasury officials and investment bankers into doing what is not in their best interests pretending like it is --- and i mean the whole "i have a bridge to sell you" deck of cards... spspa conversion is incoming --- i think november