Fannie Mae-No Politics (FNMA)

[Sogo]

Now THAT is an interesting point! I never thought of that but of course, as the supposed "fiduciary", the gvt, after becoming conservator, would be interested in acquiring cheap warrants, but the fiduciary role would prevent them from doing so. That is, if the gvt actually acted as a fiduciary. It did not ever do so. No equity holder would submit himself to such dilution and at such an incredibly low strike price.