Fannie Mae-No Politics (FNMA)

[big-yank]

The government dealt with the same issue on warrants with AIG by dumping off all warrant shares on a new, private entity called Maiden Lane, thus shedding its risks to minority shareholders. It's just like when government sold off part of the strategic oil reserves; off the books = off the hook. Just a simple disposal of assets.

The warrants do not expire until 2028 by recollection.