Nov. 14 at 3:44 PM
$FNMA Regarding comments from Pulte stating that they will IPO F2 while still remaining in conservatorship. What institutional investor would ever place money into such a business? Under conservatorship, the Govt siphoned (stole)
$100 billion to use to fund ACA subsidies, they implemented the Net Worth Sweep, all the penalties/lawsuits wins over mortgage fraud they won (it was approx
$17 Billion) didn't go to to F2, it went into the Govts general funds........Why would any instituional investor believe that couldn't happen again? I see NO path for a offering of shares without conservatorship being resolved first.............Whats your opinion on this?