Fannie Mae-No Politics (FNMA)

[rekcusdo]

Haha...

Section 16 was one reason in a list of reasons.

If the Treasury actually used this workaround, then it would be under scrutiny who they assigned the rights to. Could you imagine if Mnuchin ordered that the rights be assigned to him personally? He'd probably lose his job, but there's technically nothing illegal against him giving that order. haha.

But all wild speculations aside...there are a lot of reasons I don't believe the warrants will be exercised...Section 16 is just one of them. (Also, fyi, some of the reasons were legal...others were just personal belief).

I also would add that if Treasury DID exercise that "loophole", Treasury wouldn't actually be owning the shares...so no income would go into Treasury. They could potentially use the shares as "debt payment" to creditors that the government owes...but now I'm just completely coming up with theories without fact.