Wednesday, December 26, 2018 3:53:43 PM
With what money? FnF have plenty of cash on hand, but buying back the warrants would reduce their net worth dollar-for-dollar. That leaves a maximum of $6B of wiggle room, and I don't see Treasury being willing to settle for that little.
Oh pulease. The warrants will be cancelled. As for if they had to buy them back, sure, let them pay treasury what they paid for them, Zilcho! Or perhaps the warrant price, heck i have that in my piggy bank, sure it will be a reduction in networth but far less than the sweep.
In total the amount necessary to buy back the warrants equals just about the amount of net income earned by fannie and freddie in 10 minutes of quarterly operations. Remember they gen $5Billion a quarter and the warrant value is peanuts.
Peace.
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