Fannie Mae-No Politics (FNMA)

[imtheshadow]

BTW, if warrants can be exercised any time, than any holders of common at that time will be diluted 80%. So, 1) if jrpfd get converted before warrants exercised, the common shares they receive will be diluted 80% ... is that worse (for them) then if they had remained jrpfd and gotten par (at some point) and 2) if new shares must be sold to recap, I doubt those buyers would want their shares diluted 80% by Uncle Sam, so will the warrants have to be exercised prior to recap ... or will the sp of the recap shares simply reflect the expected dilution?

Not sure my questions warrant any concern if I'm just being dilutional ... : )