Fannie Mae-No Politics (FNMA)

[imtheshadow]

What may be considered “lost” by deeming the Liquidation Preference retired per its terms is more than offset by a combination of Treasury’s common shareholdings, corporate taxes, and a periodic commitment fee

Above is consistent with warrants being exercised. Seems like the only way that doesn't happen is IF SCOTUS says "for clause" in NOT severable AND FHFA ruled unconsitutional AND remedy is retroactive active with voiding ALL FHFA decisions ... as Clint Eastwood would say "are we feeling (very, very, very) lucky?"

So, imo, best case is NWS reversed, SPS cancelled, over payment returned/credited, cap rule lowered to reasonable level, no jps conversion and consent/uplist BEFORE raising any new funds.

Also, many think gov't has been waiting for courts to give them cover to settle ... I think that's horse puckey ... they have been waiting for courts to give the cover to fully screw EXISTING shareholders so they can give their buddies roadkill prices in the "IPO" AND claim that they protected taxpayers.

Why do I hold? ... I'm in the zero to hero group ...