Fannie Mae-No Politics (FNMA)

[kthomp19]

The other issue that Calabria could begin tackling this year is the question of how to handle the nearly $200 billion in preferred stock that the government holds in Fannie and Freddie.

This isn't right, this administration (and even the last one) thinks that the fair market value of the seniors is somewhere around $90-110B. I didn't bookmark the document, perhaps someone else has a link to it?

Another problem with this quote is that it should say Mnuchin, not Calabria.

If the warrants end up being worth right around this much, it will be much more politically palatable to get rid of the seniors. A positive (for shareholders) en banc ruling would help significantly too.