Replies to post #199364 on Fannie Mae-No Politics (FNMA)

[jarenawer]

Amazing!

[kingu1ysnmbr1]

one?

[mike_usa]

Use the warrants of 79.9% to issue new shares and put the money that came from selling the shares towards equity. So if any financial crisis comes in the future, this equity acts as a first cushion. Just IMO .

[obiterdictum]

A clear thinker on the issue of the Third Amendment.

Toomey sits almost exclusively on various Senate banking, financial, economic and budget committees and sub-committees. As such, he is likely to be approached by the financial and business industry leaders, reps and lobbyists and know the sentiment and concerns of those. He may have some influence on the Republican and Democratic sides of the aisle on this issue. He may be a voice of reason, caution and possibly opposition to Johnson-Crapo's specific approaches to aspects of housing finance reform on April 29th. He will, in part, join Jack Reed, Elizabeth Warren, Jeff Merkley, Sherrod Brown, Bob Menendez, Chuck Schumer and others on the Senate Banking committee who will push a rethink of the Johnson-Crapo bill.

It seems he realizes that the current proposals undermine the rights of all shareholders in all companies if the rule of law is cavalierly abrogated.

His last public statement on the GSEs:
http://www.toomey.senate.gov/?p=press_release&id=671

[lubberboy]

Credibility, that's what's at stake if FnF shareholders get wiped out, the credibility of the US. I can't see the congress and senate doing any more than they've already done to destroy the economy and the full faith and credit of the US over the last five years. Let's hope not anyway.

Go FnF