Fannie Mae (FNMA)

[Steelhead9]

Ofc there will be dilution, the only question is how much

They are going to do a secondary offering

They are going to use the warrants

They are probably going to convert JPS

The question then is at what prices for each and hence for how many shares as a final count -- that is one of the biggest questions here whether you want to acknowledge or not

Commence cat-calls and clowning....

No cat-call, no clowning. All I have for you is an old man's thought process.

If the current admin. does indeed want the GSE's released, then they want the same thing that all of the plaintiffs want.

This being the case, one must ask, "Why then, is the current admin. fighting the plaintiffs all the way to the S/C?"

One must also ask, "Considering the current admin's contempt for the Obama admin, why are they not releasing these 11,000 documents that seem to show some embarrassing dealings that were unfair toward shareholders?"

There is something about the status quo that they wish to protect.

We already KNOW that the plan includes a re-characterization of the SPSPA to be a loan which will be declared to be paid in full. SM & MC have both said this was part of the plan. So they aren't protecting THAT.

So what else is there to protect? As far as I can see, there is only the warrants remaining.

You don't protect that which you don't see to be in jeopardy.

If Treas & FHFA see the warrants to be in jeopardy I believe that they must BE in jeopardy. I therefore believe that they are NOT as inevitable as all of the pref holders keep saying they are. Now maybe you guys see some other thing that Treasury & FHFA are protecting that I cannot see. That is certainly possible. I mean, I didn't see it coming when my ex-wife fired me from my job as "Husband", so I can be wrong. But this is my take on the thing. The over-riding question is almost always ... "Why?"