Fannie Mae (FNMA)

[Donotunderstand]

note

I have said before that I can easily take 10% (v 20%) of Fannie if the Fannie of which I own my part of 10% overall is well capitalized

i.e. just like I want to be treated fairly (TBD) - I understand that the new money shares will want more than 40% or 60% -- and up to 90% makes sense to me --- when new holders includes any from dilution for warrants

my impression right now - subject to change any time - is that the GOV can not walk away from money but it can not make it all work if it insists on what was shown to be a 5 and 5 (80% and 80%) dilution . So best the GOV sell the warrants to F and F for some reasonable amount and those "shares" are extinguished