Fannie Mae-No Politics (FNMA)

[FortunaFavetFortibus]

So you are saying that Bush DIDN'T take 80% of all future profits with the warrants?

Warrants were common practice for distressed financial institutions at that time. The NWS negated the ability of F&F to retire the loan, and take action on the warrants. If not for the NWS, the loan would have been paid back in full, and the warrants could have been sold back to F&F at that time. Agree or disagree with Bush Admin actions, it was the NWS that locked F&F into perpetual debt to UST and conservatorship.