Fannie Mae-No Politics (FNMA)

[JOoa0ky]

I just like this new idea of warrants

I like the idea of getting something for so many years, 8?, without interest payments -- so maybe warrants are it

We shall see in November.

I anticipate warrants for all common shareholders sans prefs.

Citi gave their commons warrants so that could be a clue.

"Existing shareholders should be treated fairly"... there is absolutely no reason as to why existing holders should not get first dibs on the SPO. Its pretty clear who are the most loyal... old capital or new capital.