Fannie Mae-No Politics (FNMA)

[Latergater]

"Note, the new plan states they will issue new preferred and common stock.

This makes perfect sense. They will roll existing stock(s) into the new securities. "

I think they mean that they will be issuing new pfds to raise capital while converting the existing into common shares. They will also be selling common shares to raise capital. Existing common shares will not be rolled into new shares....the waves of dilution will be rolling into them.

We have not even talked about the warrant dilution yet.