Fannie Mae-No Politics (FNMA)

[bradford86]

warrants were part of the deal.. not as collateral ..

senior preferred is an equity investment in the companies

it's not a loan.

nowhere in any agreement does it say the warrants were for collateral and are cancellable when the loan was paid back.

you're confusing the doublespeak here

also, the treasury here is not taxpayers

it's a tax collector

the original deal was warrants+senior preferred

look, the government decided with itself that it needed that 80% to help justify risking the senior preferred