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🚨 I want to remind everyone that Pulte himself said Treasury owns about ”80%” of Fannie Mae, which he is referring to the warrants. No senior stack conversion to give them greater ownership will occur IMO. $FNMA
1.158b shares outstanding x 0.8/.2+1.158= 5.79b total shares after warrants.
15b (earnings last 4 quarters) / 5.79= $2.59 earnings per share
$2.59x15x PE ratio= $38.85/share.
I believe the same as Bessent!
"I would imagine that the next year, the year after, we will be tackling the ownership structure,” @SecScottBessent told the 2Way media platform.
nationalmortgagenews.com/new…
🚨 I am extremely BULLISH on Fannie Mae and Freddie Mac here. I’ve been in markets quite a long time, primarily focusing on index funds with a buy and hold strategy over the long term with interest in bitcoin dating back to 2018. I haven’t see an obvious upside potential like this EVER. LOCK IN. IMMINENT. $FNMA $FMCC
Thurm retweeted
🚨 JUST IN: President Trump reveals he's got a LOT "cooking" in policy announcements post-midterms
"PRICES WILL COME WAY DOWN."
"We're going to do a lot of things. You'll be seeing a lot of things over the next week, two weeks. We have a lot of things cooking, doing very well."
Time to go full economic domination and affordability mode
Socialism and Democrats are never the solution! 🇺🇸
This is crucial for 2028.
One of the things the data analysts on our side obsessed over was "composition"—whether the electorate looked close enough to 2024 for Republicans to win. And despite polls that showed a Democrat blowout, the data kept on telling us the same story: in some states turnout was merely OK, in other states it was downright amazing, and in no state was it catastrophic. There was a genuine sense of optimism on our team: our people were showing up.
So, I asked the smartest data guy I know, does that mean we're going to shock the world? "No," he told me. "We might do better than the polls suggest. But the data is telling us that a lot of Trump/Vance 2024 voters are pissed and planning to vote for the other guys. Our voters are turning out, but they may not vote for us."
Well, that looks prophetic now. Our voters did show up. In Florida, for example, the electorate was 9 points more Republican than Democrat, just a couple points worse than 2024. Undoubtedly there were places we could have done better on turnout. But the main problem is not turnout. The main problem is that many people who voted for Trump/Vance in 2024 voted for Democrats in 2026.
There will be a lot of infighting and arguing over what happened and why that is. One of the pollsters I really respect told me that our economic messaging wasn’t sharp enough down the stretch. I’m sure that’s true.
But the real reason we lost is obvious to almost everyone.
Another pollster—one of the smartest people I know in politics, told me yesterday we’d lose the generic ballot by 13 points. I felt negative going into Tuesday, but even I was shocked by this. In his polling, he saw that a lot of Trump 2024 voters were angry and planning to vote for Democrats. He asked those voters who had abandoned us what would cause them to come back on our team. The top four answers, accounting for nearly all of the responses were:
1) End the war
2) Focus on cost of living/inflation
3) Put America First
4) Change our relationship to Israel
Our voters showed up. And the above four reasons are why many of them voted for Democrats. This is according to a pollster who nailed the results. While many spent Monday attacking Rachel Campos Duffy for calling for a diplomatic resolution to the conflict, it turns out her political advice was sound. (She’s also a great person.)
In the next few months, there's going to be a lot of gaslighting. Expect to hear any number of establishment politicians say the solution to our woes is amnesty. I'm open to the idea that we should change enforcement—by focusing more on businesses that hire illegal labor, for instance. But anyone pushing amnesty is lying to you.
The reason we lost is the war. The president himself said so last night.
If you'd like to argue it was worth it, that losing the Senate for the next 6 years was worth it, then do so. Argue it was a worthwhile cost to pay. Agree or disagree, that's at least honest.
But everyone knows why we lost. And any honest conversation about where we go from here must start there.
I remain hopeful about our country. To the people who are pissed off and want to say, “I told you so”: you’re right, you did tell us so. Take that energy into electing Republicans who share your worldview. To the people who are just pissed at the results, you should be. Let’s take that anger and get back to the work of saving our country.
🚨 The BLUE WAVE has arrived and I’m not surprised. Iran, Inflation, Tariffs, Gas Prices, Diesel, Family grifting on Crypto, interest rates, and THE HOUSING MARKET. Trump self imploded the Republican Party. Now it’s time to focus on the one thing you don’t need Congress for. Fannie Mae and Freddie Mac. $FNMA $FMCC
🚨 Fannie Mae and Freddie Mac selling off in the face of a blue wave makes zero sense. Congress is not needed for actions on these names as @BillAckman has pointed out many times in the prior weeks/months. Keeping these out of the hands of the democrats is a must do job now more than ever. $FNMA $FMCC
Thurm retweeted
If you know Econ you know tariffs were the biggest unforced error of the Trump presidency, and the root cause of what is going down tonight. Just look at the numbers; sure people don’t like higher gas prices but they’re not the main reason food costs more and they’re not much higher than they were during Biden. Plus they’re recent; the tariffs began nearly day 1 of the Trump Admin and at a time when he was put in office by working class people who rebelled against the high prices they paid for everything during Biden. With tariffs Trump took those prices higher with a regressive tax on working people who don’t have the means to speculate around them in stocks. On top of that, tariffs never stoked the manufacturing boom that was promised. It’s so obvious but for MAGA to admit tariffs were wrong would be like arguing the 2020 election wasn’t stolen
Thurm retweeted
The election is over. The market called it hours ago.
Objectively, it's an undisputed Democrat "sweep" all the way across the board.
The Republicans have lost control of both the House and Senate.
Meanwhile, Texas' US Senate and Governor races are set to flip blue for the first time since 1988 and 1990, respectively.
The defining issue for voters? Affordability.
The ongoing energy crisis has further fueled the affordability crisis, renewed interest rate hikes, and accelerated the K-Shaped economy.
US oil prices have now traded above $100/barrel for 46 days in 2026.
Tonight marks a major shift in the American political landscape.
Thurm retweeted
An incredible VICTORY for Florida homeowners!
Amendment 3 has PASSED, increasing the homestead exemption on non-school taxes to $150,000 in 2027 and $250,000 in 2028.
More money stays in your pocket.
🚨 The BLUE WAVE has arrived and I’m not surprised. Iran, Inflation, Tariffs, Gas Prices, Diesel, Family grifting on Crypto, interest rates, and THE HOUSING MARKET. Trump self imploded the Republican Party. Now it’s time to focus on the one thing you don’t need Congress for. Fannie Mae and Freddie Mac. $FNMA $FMCC
















