Fannie Mae-No Politics (FNMA)

[SGINPHX]

Sir or anyone please, although we have disagreed in the past I enjoy hearing your input as long as it has been civil. Question as you seem to be having a change of heart and per your admission have purchased common now. Everyone here gets up in arms regarding the overpayment and how it should be returned. I am long and in this to win but per my calcs if the original 10% interest payment on govt preferreds was used in lieu of NWS we still owe. I am not arguing whether this was needed but it is the original "deal". In your opinion, as that is all any of us has as we have no proof, what and why would they just void? Do you think Mnuchin and all will just take payment as given, write off the balance (34B per my calcs) to make this go away? If so, how do they recap? Do you feel that they dilute common or more preferreds? How will warrants play out? Thanks for your and everyone's comments!