Fannie Mae-No Politics (FNMA)

[Latergater]

"Any proposal that harms the capital structure of the Companies will not move forward."

So for common to be worth anything, pfd shares will be worth par


"When we speak of capital structure we refer to diluting existing shareholders."

Care to explain? Dilution of common shares for a recap is not out of the norm

"The most likely option to raise capital will be issuing a new Preferred share and rolling existing P shareholders into the single new P share and then cancelling all series of Preferred shares. This formula will eliminate all opportunity of further lawsuits."

Can you refer to a plan that sates this? The only place I have seen it is on this board and mentioned by you.

"This also means that warrants and Moelis are dead."

Neither are dead. The warrants are almost a given now as they will be a $100b windfall for the government. They were a part of the original deal. As far as Moelis being dead, again, besides you stating that on this board, do you have any additional links or context?

TIA