Replies to post #188651 on Fannie Mae-No Politics (FNMA)

[IL Padrino]

What are your reasons for thinking the stock will drop 75%? We'd have to break a ton of support below $4 for that to happen.

[HappyAlways]

$1 per share won't happen, even if the bill can proceed. Problems to address include (1) 1-1.5% higher mortgage rate, (2) no more 30 years mortgages, (3) liquidity, (4) same risk

Think about all the mortgages going on with FnF and they will need to settle with the existing stock holders. pps will be $10-$15 at a minimum.