Fannie Mae-No Politics (FNMA)

[jeddiemack]

If this is true... based on what you wrote

Section 16 is an SEC requirement that any time a specific class of owner buys or sells stock, they must wait at least 6 months to sell the stock after it is purchased. The Treasury would fit into this requirement were the warrants to be exercised.

Then, the warrants have no value.

As per the agreements only Treasury can exercise them. And if what you wrote they have to hold them, and because the government can't own shares in the companies, then, therefore, they can't be exercised and thus have no value.