Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hi Possum336

Thank you for the perspective.

What I am trying to understand is what will make common holders like Ackman and The Growth Fund of America satisfied. I would want to believe that these two have evaluated possible scenarios for resolution and they continue to hold or inclease their common holdings.

Obviously the UST can exercise their warrants and sell their holdings for a profit but how could large common shareholders be satisfied so not to continue to litigate and possibly bring enough legal uncertainty to stop or defer the GSE resolution process?

Regarding the preferred, will the resoluton be on a series by series basis? I know the GFA owns a lot of preferred also and possibly they already have controlling posisitons in certain series. Maybe they have a plan to use their common and preferred stakes as negotiating points?

Thanks again.