Fannie Mae (FNMA)

[PennMilitia]

This Must Play Itself Out in The Courts !

Anything and Everything that the GOVT is now doing with relation to the GSEs needs to be stopped. If they try and sell or convert the Warrants then an Injunction needs to be filed by one or all of the ongoing Court Cases to ensure that it does not happen.

A...Tidal Wave...of new common shares is not the answer anyways. This will drive the common down to about 10 cents per share, scare any future investors as far away as possible, and create a need for a massive Negative Stock Split the likes nobody has ever seen before plus who in their right mind is going to want to convert preferreds to commons that are worth absolutely nothing !

Not only did the GOVT take a Financial Knife to the GSEs they also created Poison Pills that would try to prevent anyone from Rebuilding and Privatizing these companies. Bottom line they did not ever plan to give up that money and they did not want to ever give up control.

IMO...The GOVT...CANNOT BE TRUSTED...with any of this and now the Courts need to decide every single thing that happens to the GSEs.