Fannie Mae-No Politics (FNMA)

[jeddiemack]

The payments on the loans even at 10% were fully repaid. Leaving the seniors completely redeemed.... right now at 10% the treasury owes fannie and freddie probably 50 Billion or so and the seniors are zilcho.

Meaning... there is nothing to convert but air, if the court takes this seriously which is about a 25% chance.

Also, the warrants, would be dead. heck they are dead anyway as fruit from a poison tree.

Never see the light of day, as they are clearly a taking if exercised.