Fannie Mae (FNMA)

[dmadmoney]

I'm sorry but I guess I don't understand. So I have a few thousand shares of each Fannie/Freddie. Not as much as everyone here but I've been holding for about 7 years.

With all this recap and IPO talk, I can't seem to find a layman's terms answer to what happens to my shares? Will they disappear? Will they get swallowed up so I only get 1 new share for every thousand old shares?

I'm hoping you can please explain in plain terms. I feel bad asking but I'm worried and lost on what's being said.

Help?

Thank you!!!!!