Fannie Mae-No Politics (FNMA)

[Doc.007]

Supplementary

We Legally Allowed To Conclude :

That FM until today is still Owned By FM Itself. Nobody can Own Any Company just By Warrants independent if the Warrants for 55% or even upto 100% of Common Shares Fully Diluted ( This also where the Gov by Law is prohibited To Own Any Companies and the Gov is also prohibited To Own Any Shares of Any Companies and Warrants Are Not Shares, Only Rights ! ). By Law To Own Any Company It need to have The Real Issued as Outstanding Shares At Hands.
This also means, that if the Gov like to exercise partially or fully the Warrants, it can not doing it without additionally Approval By FM Signing and FM to Hand The Order To The Transfer Agent To Issue The Shares.
Until Today the Warrants have not been exercised also not partially, because there was No Need For by FM completely fulfilling The Credit-Receiver Obligations and even Overpaid by about $ 100 Bn !

This also means, if the Gov like to force FM to additionally sign The Shares Issuing Order at any Gov Attempt To Exercise The Warrants, FM can refuse to sign by FM as fulfilled any Credits-Receiver Obligations and the Gov would need to go To Court where The Courts sure by The Normality of Warrants would allow FM not to sign any Shares Issuing Order and this the Gov would need to respect. That's The Reality !

All of this also explains why until Today at SEC 4-K Forms Non of Any Shares been Issued or Handed to Gov and resulting The Gov Effectively Owns Nothing of FM, contrary ! ! !

Happy FNMA Investing