No, I posted no false information. I posed a concern based on a well publicized debate between the CBO and OMB regarding the status of the GSEs.
The discussion had been about whether or not exercising warrants would, from an accounting standards perspective, require government to move FnF's assets and liabilities onto its Federal books. The court decision may or may not matter a bit when it comes to FASB regulations.
I have been stating concern for many weeks about apparent momentum for government to exercise the warrants and dilute Fannie Mae common stock by 79.9% by adding over 4 billion shares to the outstanding share pool. Part of my thinking has been the hope that this accounting concern and its impact on the Federal Debt Ceiling might be a deterrent to the warrants being exercised.
I do NOT want the warrants exercised. Unless FASB standards are changed, the push down accounting deterrent appears, sadly, to be toothless. I'm not sure what part of that position would be problematic to any shareholder.