Fannie Mae-No Politics (FNMA)

[imtheshadow]

Will jrpfd be converted before or after the exercise of the warrants? Conversion terms are always adjusted for splits, but I think not for the exercise of options/warrants. I would think anyone who owns jrpfd would want to know the answer to this question.

Also, fwiw, as a pre-cship owner of commons, the whole cship + NWS has been the most incredible F-job EVER ... put into bogus cship with guns to our heads, punitive 10% div rate and 80% warrants, forced to buy billions of bad loans AT PAR held by TBTF banks, totally bogus write-offs of DTA, then NWS as returning to profitability - all of which will force further dilution to recap WHICH WOULD NEVER BE NEEDED IF WE HADN'T BEEN RAPED IN BROAD DAYLIGHT IN THE FIRST PLACE. So, yeah, I think Moelis sucks, big time. I'd rather risk going down in flames in the courts than agree to Moelis. But, sure, its all been "legal" despite decades of cship precedent to the contrary ... so I guess that means we're still the shinning beacon for the rule of law. Totally. F'ing. Disgusting.