All posts are my opinions and not financial advice. Interests: Special situation and technology

BIDEN's AUTOPEN IS NOW IN THE FORM OF VOTES! BIDEN's AUTOPEN IS NOW IN THE FORM OF VOTES! BIDEN's AUTOPEN IS NOW IN THE FORM OF VOTES! BIDEN's AUTOPEN IS NOW IN THE FORM OF VOTES! BIDEN's AUTOPEN IS NOW IN THE FORM OF VOTES! BIDEN's AUTOPEN IS NOW IN THE FORM OF VOTES!
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Rejecting the CLARITY Act widens the gap between crypto firms and traditional financial institutions, giving crypto companies an even greater head start in shaping the future of finance! Thanks Dumbocrats!
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ALL POLITICIANS WHO DO NOT VOTE IN FAVOR OF CLARITY ACT SHOULD NOT BE IN OFFICE! OUT YOU GO!!!
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Wouldn't it be great if $FNMA and $FMCC got a big release announcement on July 4th? It would be a perfect way to celebrate America's 250th birthday and showcase two of America's strongest companies. It would definitely make for an unforgettable Independence Day. @realDonaldTrump
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Iron Resolve retweeted
Every year we get our consortium style initiative around a stablecoin, we have seen this with Diem, Global dollar and now Open USD. While the set of players here is obviously potent, I remain highly skeptical any of these initiatives can hit scale. A few thoughts on OpenUSD: 1. Liquidity and the cold-start problem. USDC and USDT have massive network effects across exchanges, payment processors, and brokers. This is always repeated but it's true, there are no BTC/sofiUSD pairs to trade on any of these exchanges or markets. These are not stableocin market makers and participants are willing to hold in size, as you can’t really use them anywhere. The fair counter is that crypto markets will be far smaller than remittances or equities/bonds. Probably true, I suspect in the medium term, but those markets are still converging on the same stablecoins. Hyperliquid just struck a massive deal with USDC/Coinbase. Every tokenization initiative so far is built around the incumbents too. 2. A consortium of 500 rivals has no precedent for working. The pace of decision-making across 500 competitors is going to be glacial. Not everyone gets a board seat at Open Standard I imagine, so what happens when decisions cut against some of the players? Circle and Tether ship whatever they want, whenever they want, with zero commitment to anyone. 3. Regulatory and antitrust risk at scale. Circle and Tether are willing to absorb enormous pressure, they have being doing so for years. They hold hundreds of licenses they can use to arbitrage markets, Yes GENIUS act gave a lot of breathing room and clarity, but oversees, this is not the same story. The moment this gets hard under regulatory pressure, I think a lot of these partners just walk away. And a bloc of the largest banks and card networks jointly issuing money is an obvious antitrust target. 4. The "socialist" economics starve the issuer. Passing reserve revenue back to partners sounds great in practice, but what does Open Standard actually operate on? Little to no retained capital. People forget Circle doesn't just have marketplace/exchange partnerships; it funds a whole web of rebates across on/off ramps, stablecoin settlement, OTC desks, and more, with each deal being somewhat bespoke depending not he partner. Who funds that at Open Standard? Who decides which deals, on what terms, especially when the counterparty is a rival of an existing member? Circle GAAP Opex for 2025 were 900M USD, if you strip out one time cost and IPO related cost, its adjusted OPEX is closer to 500M annually. Let’s say open Standard gets 25 bips, which is what other consortium did, At 10B of supply, open standard is making 25M a year… You don’t fund much with that…. You need to become huge very quickly. 5. The announcement is basically a giant LOI. Read the quotes: BlackRock calls it "a constructive step," BNY "looks forward to exploring ways to support," others say it's "interesting." Meanwhile the partners are backing rivals: Stripe owns Bridge and has its own stack, Coinbase is wedded to USDC, banks are building their own deposit tokens, and the card networks support every token out there. They'll hedge across all of them. Distribution only matters if it's exclusive — and it clearly won't be. 6. The "mint/redeem fees are a problem" claim is wrong. In practice every large institution minting and redeeming through Circle and Tether already gets big rebates. The real cost of moving money is FX, not mint/redeem and there's no moat there, because anyone can just match free mint/redeem. All in all: one to monitor, but I'm deeply skeptical that an organization that looks like a DAO of 500 companies can move fast enough to matter long term. Who decides go-to-market? Capital allocation? Anything? Ultimately this reminds me of the DAO experiment. The pitch was identical: no single owner, "neutral" governance, aligned incentives, decisions made collectively for the good of the network. In practice DAOs almost universally failed at the thing that actually matters: shipping. Governance turned into endless forum debates and token-weighted voting where nothing decisive got done, capital sat idle because no one could agree how to deploy it, and the projects that won were the ones with a clear owner willing to move fast and take risk. "Owned by everyone" almost always means accountable to no one. Open Standard is a DAO of competitors that are not really committed to anything, and I'd bet on the two operators who can ship unilaterally over a committee that has to ask 500 rivals for permission.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it. joinopenstandard.com/blog/in…
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With all this $SPCX hoopla, there are 2 companies $FNMA $FMCC that generate BILLIONS in revenue and profit, and have the possibility of generating 5-10x your return. I get it, $SPCX is the future, but sometimes, just sometimes, cashflow and profitability are too good to ignore.
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Trump taking questions from reporters just now inside The White House once again said $FNMA $FMCC are probable worth $1 Trillion.
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Horseman Country
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CNBC just reported that a reporter on Air Force One asked Trump about $FNMA and $FMCC going public and he said" "it's not off the table"!
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What a gift to pick up some shares of $FNMA $FMCC this morning!
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There has been talks of an IPO liquidity crunch with mega IPOs in the works...wouldn't it makes sense for $FNMA $FMCC to get ahead of this? Time to speed up plans and relist!
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Now that Kevin Walsh has been confirmed as Fed Chairman, one item has been checked off from the list. I say up list both $FNMA $FMCC ASAP so US gov't can encourage home building with tax incentives and home buying with reimbursement of transfer tax for 1st time home buyers.
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The one thing no one talks about is rewarding the hardworking employees @ $FNMA $FMCC who for decades have not been left out with no "skin in the game". Time to reward the hardworking, diligent employees of $FNMA $FMCC with new shares in two of the greatest American companies!
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If and when $FMCC $FNMA IPO or uplist, wouldn't they want to get ahead of the slew of massive IPOs come to market?? Time is now, time is right!
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$FNMA $FMCC I buy when everyone sells. MF2GA!
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$FNMA $FMCC Uplisting of $FNMA $FMCC to NYSE or IPO announcement will sneak up on people. Forget the noise around you and focus on the long term vision. One where both companies will be well capitalized, growing at rapid clips, and entering markets with new products.
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Let's get $FNMA $FMCC unchained on blockchain! Imagine a child with a TRUMP account holding 2 of the greatest companies on the most cutting edge technology! Holding them on blockchain also allows for all investors, small or large, to participate. MF2GA! @michaeljburry
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Imagine: Trump accounts holding $fnma and $fmcc shares. There is nothing better than having these children holding one the best companies in the world as their first investment! @realDonaldTrump @SecScottBessent @howardlutnick @pulte
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Iron Resolve retweeted
We will be hosting a Space on @X about Fannie Mae and Freddie Mac on Tuesday, November 18th at 10:30am Eastern. On the Space, we will share a proposed transaction which will enable the @realDonaldTrump Administration to achieve all of its objectives of maximizing value for taxpayers, eliminating the risk of mortgage spreads widening, and enabling the U.S. Treasury to demonstrate a mark-to-market value for its shareholdings in the two companies. As importantly, the transaction can be completed before year end, meeting the expectations of all stakeholders. And to dispel market rumors to the contrary, we have not sold our stake in the two companies and remain the largest common shareholder of both companies with more than 210 million shares.
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