Fannie Mae-No Politics (FNMA)

[jog49]

"I doubt anyone questions the warrants are illegal. But so is most of what has been happening to F&F. I would not expect the law to be followed with the warrants any more than it has been followed ever since F&F were nationalized."

I agree with what you have said but do expect new lawsuits to be filed if an attempt is made to exercise the warrants. The GSEs were not in such a financial quagmire that warrants for common shares were issued for 1/1000 of a cent per share. That's an unthinkable notion and criminal theft of the majority ownership of two major, privately-held corporations where the equity holders had absolutely no say in this outcome. The thief was the United States Government and in any conceivable disguise was nothing more than a third world type nationalization for the benefit of the TBTF banks and lenders to commandeer their books of business.