Fannie Mae-No Politics (FNMA)

[imtheshadow]

rek, if exercising the warrants is impossible, then why did the price crash (and stay down) when the cship was announced 4 years before the sweep? Sorry, but as smart as I think you are, and I think you are very smart, I have to defer to the thousands of even smarter professional market participants who say the warrants took tremendous value from the shareholders when they were issued. As advance news of the cship was leaked by Hank et al, the share price dropped from around $60 to under a $1. A lot of somebodies besides me think the warrants can be exercised. BTW, as we have painfully learned through this nightmare, and as I saw in my public CFO days, there are many, many ways to get around laws, regulations, etc., especially when you are the government. BTW, even though we have different opinions, I totally enjoy your post and appreciate how they force me to keep evaluating my perspective. cheers, shadow