Anyone down for buying some nasty old 2009 boomer shares of fannie mae?Looks like shit might finally happen if it has mortgage jews sending letters >In further anticipation of the sale of Fannie and Freddie, Reps. Tom Suozzi and Nicole Malliotakis introduced a bipartisan bill calling for the government to dedicate as much as $250 billion received from ending the conservatorship of the GSEs to be invested in the construction of up to 3.5 million affordable housing units.
Important to note that you can't buy FNMA or FMCC on robinhood yet, meaning a majority of dumb money is not onto this yet If anyone has a bear case please post it. Biggest one is the govt rugpulling this but if its causing this much of a stir with banks maybe they won't. They make money either way I think
I'm just seeing it's pumped insanely over the last year. Exactly how much more could be pumped into it? The housing market could collapse on itself at any given moment. Buying is down for the first time this year due to interest rates mixed with complete unaffordability. I'm not saying that's a bear case per say, but it's definitely a few things to consider when buying either of these, and that's just surface level. Haven't even bothered to look into actual cash, debt, usual DD
>>60927732Rate cuts are essentially guaranteed at this point, I didn't even consider buying in until it was more concrete. Rate cuts will encourage more buying which should maybe drop house prices since people will start feeling less locked into their old rates. Fanny is about the actual mortgages though so I think buying activity is more relevant than actual house prices. Currently they are Americas largest company and manage 4T in assets. ACKKman seems to think fair price is $30/share. So a good 2xer if you dump at IPO
>>60927742I'm on fidelity so thankfully I can buy these right now. Surprised robinhood won't list it, but I kinda expect it from them. I left them after I he gamestop shit show and never looked back
>>60927797Iirc robbie doesnt do OTC stocks
>>60927742> Rate cuts will encourage more buying which should maybe drop house prices since people will start feeling less locked into their old rates.What a stupid fucking nigger. All of your opinions immediately into the trash
>>60927831I'm too dumb to know the details but just logically speaking isn't it smarter for the govt to slowly unload their warrants rather than just dump it all and tank the price?
>>60927837idk it's too risky with the dilution solution, I'm just gonna stay in comfy O and call it good
>>60927660Massively up since I posted this
>>60927842Current target is $20 for fannie pre IPO Not bad for a quick hold and release
The lack of interest from this board is a good sign.
>>60930989To be fair you can't buy this on a lot of brokers, RH especially
>>60928901kek my cousin bought this shit at like 1 dollar. he's up 60k. you WILL get dumped on.
>>60931045Yeah worried about profit takingThen again people have been bagholding this for close to a decade, surely they'll wait for the ipo
Boomp
