Replies to post #853675 on Fannie Mae-No Politics (FNMA)

[EmpressRealm45]

AIG was the other scapegoat For all the malpractices done by TBTF & Rating agencies. 

[Donotunderstand]

We both want a high PPS

We differ on the warrants - (by me that is fine)

F and F were wronged --- blame Bush blame BO - blame anyone anyone wants

There are two simultaneous truths

1. F and F are doing fine - better than fine - in conservatorship - and now back 70% of USA home mortgages. Even if we dislike it - even if its wrong ----- the status quo is OK for the country in terms of a liquid mortgage market via securitization. That is the truth that faces any Sec of Treasury and POTUS.
2. F and F were unjustly put in and then held and held in conservatorship and that must be fixed. It must be fixed as WE (common share holders) were robbed (a taking without just compensation) and because a correction even 15 years later - is "correct and just"

Given those two truths - that include F and F are doing OK and BETTER as is ---- I like the Ackman suggested series of events as it offers a big bonus to GOV -- a motivation to ACT and ACT fast ---- while it offers a $42 PPS for me and all common holders.

Would I prefer the GOV kill the SPS and the Warrants? Of course. I would love $150 a share. But 15 years shows me that is never going to happen. I support Ackman in what is clearly a mutually beneficial TRADE - even if he never says that explicitly.