Fannie Mae-No Politics (FNMA)

[cooler_heads]

How else is this done without MM cooperation?

http://www.fasab.gov/pdffiles/oct08mins.pdf

Mr. Werfel indicated that the intent at this time is that the control is intended to be temporary and the FASAB, FASB and GASB literature provide that temporary control should not lead to consolidation. The intent of Treasury is not to exercise the warrants that provide 79.9% ownership. The purpose of the warrants was to drive the stock price down to next to nothing. When the government steps in to aid a publicly traded entity it does not invite fair trading. The Treasury wished to freeze the market for this stock and the warrant accomplished that goal. They have no voting interest and only own an option to own the entities.