10,000+ Discovery Documents Mark Big Win For GSE Investors

Seeking Alpha - July 27, 2015 - July 29, 2015

By Glen Bradford

Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two government sponsored enterprises with around $5T in assets that are publicly traded private companies that are worthless as long as the Federal Finance Housing Agency’s sponsored Preferred Securities Purchase Agreement with the United States Treasury continues to remit all the net worth of the two to Treasury’s General Fund. Below is a key sampling of redacted legal filings that seem to suggest that the government has been selective with their disclosures at the very least. If the redacted portions of these documents are covering up information that proves the government knew that there weren’t problems at Fannie Mae and Freddie Mac when they decided to take all the profits in perpetuity, then the stocks are worth at least $20 and far more than that if the warrants are voided as part of a settlement or as part of a cancellation of the entire PSPA or conservatorship.

Read the full article: 10,000+ Discovery Documents Mark Big Win For GSE Investors