Fannie Mae-No Politics (FNMA)

[kthomp19]

If there's capital to be raised, it will be minor, very little dilution

It only took Calabria 48 hours to correct this fantasy. For as slowly as he moves on most things, this must be some sort of record for him.

and raised by boards of directors elected by common shareholders.

Oddly enough, Calabria didn't mention the boards of directors when he said

The shareholders will be heavily diluted when we raise capital

at 8:16 of his interview today. It's looking like the whole argument over who is in charge of the capital raise might be moot, heavy dilution by the capital raise is coming no matter what. That's on top of the warrants to boot!