Fannie Mae-No Politics (FNMA)

[capitalismforever]

Do you think $40,000 was a fair price for 4 billion shares? Do you think any shareholder not determined to be deceased would agree to such a ludicrous, insulting price?
The warrants were a security item in case of failure; known in the real world as collateral. The money was repaid (in the real world) so the warrants are returned to Fannie and Freddie and become void.

I don't think any part of the conservatorship was "fair". Courts don't operate solely based on what is fair. They operate on the basis of legality. Fannie & Freddie claim they invested $5.4b in the warrants. The treasury doesn't consider the loan to have been repaid. That is an issue being argued in the courts. Some of the greatest legal minds are involved on both sides of the legal battle. No one in this stock board is going to be able to determine the legality of this mess when the greatest legal minds we have still haven't figured it out.