Federal Home Loan Mortgage Corporation (QB) (FMCCM)

Anyone here watch that interview with JD last night on Hannittyy? JD said Mr. T knows when these big players are trying to con him and just want something for themselves. I hope he knows that thousands of small shareholders are not the big players. JD also said Mr. T always wants a return on investment for the American people (aka the government). He will get that with the illicit warrants. Not sure how much longer he will make us suffer. The media is in the tank so they are of no help.,

Nooooooooooooooo 😭😭😭

Wonka Tickets, keep tight to your chest! Awh, the good old days. The Wonka tickets have now expired !

I wholeheartedly agree with that assessment.

Rate hike expected ! iGermany RED !

1,000, 999, 998, 997 , 996….

Let the party countdown begin
https://www.cnn.com/2026/06/17/world/live-news/iran-war-g7-summit

Correct. And that is exactly what happens, more often than not, when a whistleblower exposes fraud - refuses to participate in it. They all circle around the crime scene to protect the takings and the money pump and the media plays stupid at the expense of the honest one.

If you believe it to be otherwise - you are sadly mistaken. My experience is that in general - the media are a bunch of cowards looking to play nice, monitoring their own bank accounts and making sure they have beautiful wardrobes - truth telling is at the bottom of the list. F&F is a prime example.

Care to share the fantastic work he's done other than visiting Fannie Mae and Freddie Mac cafeterias?

Trillion$ corporations still trade OTC and remain in a TEMPORARY conservatorship 17+ years later.@POTUS @pulte @SecScottBessent @SecretaryTurner @BillAckman @michaeljburry— Guido da Costa Pereira (@GuidoPerei) June 17, 2026

on FISA: I'm not sure which politician knows what, which are playing games, or if the whole lot of them or just looking for some political advantage individually that the rest of us just have to figure out, but the FISA court (FISC) already recertified the surveillance procedures until NEXT MARCH! So, although the underlying statute has lapsed, the important feature they are all blathering about has NOT lapsed. This allows all the politicians to play "chicken" with each other until the midterms with surveillance still actually active.

10X, how about maintaining 1X !

"How long do you expect @pulte to be Acting DNI?"@POTUS: "As long as it takes to get everybody else approved... all of a sudden it was like a rush act by the Democrats... I'm not going to sign FISA unless [SAVE America Act] is done." pic.twitter.com/pXIKLUe8do— Rapid Response 47 (@RapidResponse47) June 17, 2026

"Pulte is a very capable guy and they (Dems) are worried about that"

Agreed, this crime has gone on long enough. The problem now is that the Lamberth case only ruled that the money was stolen, not that the conservatorship is a Takings. In that regard the Supremeless Court ruled that the crime is ok, and that is where the big problem is. They have green lighted the government seizing the companies after selling them and now planning to sell them again. Because of this the government feels they can get away with it, and they will because even the media is not telling the public the truth about the crime.

Germany red again, Patience is all I can say!

Senate passes it again without changes, then 47 signs off.

so what’s next step? getting signed by Trump?

The housing bill is finally getting some movement from the Senate ... remember, it overwhelmingly passed the House, then Senate as well, but with many changes that required it to go back to the House where it passed overwhelmingly again, but in large part due to some procedural gynamistcs that have required the Senate to conference with the House to finalize ... we may be finally getting there ....

NEW: Chairman @RepFrenchHill's statement on the House and Senate agreement on the 21st Century ROAD to Housing Act: https://t.co/1pYtHJovTJ pic.twitter.com/fgLDnAbVuf— Financial Services GOP (@FinancialCmte) June 16, 2026

Ahhh ... sorry here too ... sarcasm is a tricky play without visual or audio assistance ... and I agree, T definitely wants a big headline out of the deal ... there are many ways to get this without an egregious further takings but most will be difficult to spin if he keeps sticking to the story about being able to sell them for much more than the $100B he turned down in his first admin - if he's stubborn enough to stick to that story he will need a BOOMING housing market more than double Fannie and Freddie earnings EACH than they had last year otherwise investors will NEVER pony up for shitty price appreciation and little to no dividends ... getting the housing bill passed would help, but F2 are a long way from the kind of earnings his valuation needs ...

The headline is how F&F was FRAUDULENTLY STOLEN from the shareholders - not how the current administration added to the financial rape. This administration can't be tough on fraud and participate in it. Even if it means doing nothing - that doesn't work. Do you allow a rapist to have their way with your daughter repeatedly because your friends and neighbors might find out and feel creepy about your ability to protect her?

In plain English - there is NO reason for this - it needs to end!

Sorry my half sarcasm didn't come through. I don't see current valuation at 1T. But I do see this administration not wanting to move forward unless they get a good headline out of it. So what is the scenario where they get that good headline showing how much money 'he' made for the USA? Without the government having the option with the warrants (which they can say = shares) and 'mark to market' to show the 'money made', how do they get that headline? This imo unrealistic number of 1T has also been said so many times, if Bessent and others in the admin admit that this isn't what it's going to be, they could just delay indefinitely because they don't want to 'only' show $300b or whatever it is and make what T has said in so many sound bites these last weeks, wrong.

Yes, Ackman is being a politician caving to the government.
He knows better, but he wants to get something going.
Worry about the details later.
IMO.

You're completely deluded if you think that $1 trillion figure bears any resemblance to reality. No market value model, given current net earnings and outstanding shares WITHOUT ANY dilution values them at more than a combined $375B. Market values of mature companies are ALWAYS based on the cash flows that can fall to shareholders and the price appreciation they can realize from the stock, the more shareholders there are the less cash that can flow to those shareholders. 9 billion shares does NOT increase the value of the companies, it only dilutes the limited earnings available. You are financailly illiterate if you think diluting something 80% makes it more valuable.

I still think Ackman knows warrants will be challenged and possibly lost in court

He doesn’t care

Dangling the carrot for the govt to do it

Get the party started and when warrants get nullified

Even a bigger boom

How will this administration get their 1trillion payday for the government if they don't take into account the warrants?

Ackman is doing dances on my last frayed nerve ... he repeats over and over and over this can be done by the end of the year - same thing he said last year ... and he repeats over and over and over the government owns 80%, execution of the warrants, and there is a lot of value within a decade ... all of this is completely caving to government ...

The value is here NOW, they do NOT own 80%, and he shouldn't be advocating for the execution of the warrants ... although his appearance do keep the conversation alive and going ...

More 1 million blocks going through on $FNMA $FMCC getting ready for an uplist? pic.twitter.com/kTTRvrcjNh— blue_eyes3532 (@blue_eyes3532) June 16, 2026

Brilliant messaging by Ackman on $FNMA and $FMCC
pic.twitter.com/CxX1huq62s— Nik Shah 💯× (@NikhaarShah) June 16, 2026

Treasury has made NO offers to F2 concerning their warrants ... their standard warrant agreements during/after the financial crisis applied ONLY to the other banking entities ...

Locked and loaded, the letter is drafted !

No movement in Germany, FLAT !

Hmmm sounds like the Warrants won't hit the open market as common shares but sold as warrants, ( new JPS) As part of the sale. That would get passed all the drama dealing with congress as all DJT is doing is selling the warrants not doing an IPO?? JUST A THOUGHT.

@POTUS @pulte @SecScottBessent @SecretaryTurner @howardlutnick @RepMeuser @RepYoungKim @BillAckman @michaeljburry

Seniors holding Fannie Mae and Freddie Mac shares in their retirement accounts have been abused by our government the last 17+ years.https://t.co/2e5MPfUrMc— Guido da Costa Pereira (@GuidoPerei) June 15, 2026

So Ackman still has 15% of $5 billion cash to pump F2 with upon the first major announcement.

$FMCC~ $FNMA~
NOICE!

Ackman buying more …Nice to see you’re buying more $fnma $fmcc pic.twitter.com/4GWimtmUCL— Kong (@The1KenKong) June 15, 2026

70% to go !

There is nothing fair about exercising the warrants. If that is what you took from my reply to FoFreddie then you misread a great deal. I'm in total agreement that there is NOTHING fair about the warrants - especially as currently structured.

We still have a long way to go !

This is a very incoherent reply.
So, I will put you on ignore.

I am just hoping that the UST does not convert the SPS or if the JPS is converted and then the warrants are exercised.

USG has never even paid for the warrants.
There is nothing fair about exercising the warrants.

It is NOT unreasonable to base one's estimation of their own outcomes on the warrants being fully executed as that creates the most conservative estimate of what one can make out of their position.

That being said I think there is a ZERO percent chance of the warrants being FULLY executed under the current mathematical and financial conditions that exist. Read that carefully. That means, I believe IT IS NOT FINANCIALLY FEASIBLE to fully execute the warrants under the conditions of what they paid for them, including under the conditions that the $301B repaid still does not extinguish the $187.5 (or whatever the exact amount is) draws, and that a liquidation preference still exists as well. Because under ALL those conditions above NOBODY WILL TOUCH THESE STOCKS - they will be unable to sell a single share. First, because under these conditions that means they have NO CAPITAL to exit conservatorship. Second, they would have to so DEEPLY discount the shares that they would make almost nothing from the sale.

Now that we have set those conditions, I also believe it is HIGHLY UNLIKELY that even if the draws are considered fully paid off AND the liquidation preference is cancelled that they will be able to fully execute the warrants under the conditions of the price they paid for them. Here is why:

A fully diluted Fannie Mae will have 5.76B shares in total. Last year they earned $14.4B net profit. Tim Howard states at best the multiple for the GSEs is 15. This means a MAXIMUM share price of $37.5 under the p/e valuation model.

[$14.4B earnings / 5.76B shares] x 15 = [$2.5 earnings per share] x 15 = $37.5

Now think about these FACTS:
- After 18 years in conservatorship where the stock price was near $70 / share pre-crisis they will now try and float at best a $37 stock ?!!!!!!
- In order to entice investors looking at this Max price they will need to sell it for much less per share
- at 5.76 BILLION shares Fannie will only earn TWO DOLLARS and FIFTY CENTS per share?!!
-------- with a payout ratio AT BEST of 25% that means annual dividends would be 62.5 cents per share annually (they were paying over $2 pre-crisis); they will be unable to justify paying a higher ratio with so little earnings
-------- NO INSTITUTIONAL INVESTORS will pay up for a highly diluted stock under constant govt scrutiny that only pays less than a dollar per share annually
- ALL of those court cases were decided under the banner of being in conservatorship; NONE were considered by judges outside of that framework
- There is NO statute of limitations on a 5th amendment takings clause case which WILL become ripe if the warrants are executed (likely only brought to the courts if the taking are egregious 50% or more.

Now, all that said I can see a multitude of scenarios where the warrants could possibly executed in large percentage; however, ONLY with large offsets in the other categories of financial considerations which keep them in c'ship ... the ONLY government exit is at the generosity of investors willing to purchase shares and for that, they must be financially incentivized.

actually its a trillion dollar company, but I agree. they are coming from the side of compromise, some or nothing, and many court cases have not strengthened anything better that 80/20

I do not know where you are coming from.
But there is nothing fair about taking 80% of billion-dollar companies for a measly $80000.
Good luck.

I held common and JPS when the warrant agreement was executed and I believed it was fair in the midst of the GFC. Knowing what I know now - I believe Paulson and his RINOS set Fannie and Freddie up to fail but no litigation has made it past a dismissal.
Today Fannie and Freddie would not exist without the implied full faith and credit of the US Treasury and Trump will exercise the warrants guaranteed. I am hoping for $ 20 to $ 60 on FMCC within 3 years.
At the time of the Conservatorship I was hoping for a $ 20 price - here is Grok's summary of trading the week before the Conservatorship - you will see that the market was expecting dilution going into the Conservatorship and the warrants were the dilution we received but more than what was expected:

Conservatorship for Freddie Mac (FMCC) was exercised on September 6, 2008 (with public announcement on September 7).

fhfa.gov +1

The relevant prior trading week covers September 2–5, 2008 (markets were closed on Labor Day, September 1). Adjusted historical daily prices from that period (splits and adjustments accounted for in sources) are:

finance.yahoo.com

Sep 5, 2008: Open $4.80, High $5.14, Low $4.65, Close $5.10
Sep 4, 2008: Open $5.33, High $5.49, Low $4.95, Close $4.95
Sep 3, 2008: Open $5.01, High $5.52, Low $4.80, Close $5.38
Sep 2, 2008: Open $5.20, High $5.23, Low $4.39, Close $5.18

Overall range that week: Low of ~$4.39 (intraday on Sep 2) to high of ~$5.52 (intraday on Sep 3). Closes ranged from $4.95 to $5.38.

Attaching a link to the warrant repurchase offer.

https://home.treasury.gov/news/press-releases/200962612255225533