Fannie Mae-No Politics (FNMA)

[Donotunderstand]

?
not sure I understand

If LP goes to zero - yes - that means somehow the dividends paid are viewed as calling in all the senior PS paper

that action does not negate the warrants as that is separate - right or wrong -

I have no idea what the GOV will do

My favorite would be to use them as capital raisers for F and F

Fat chance - zero

Or - GOV wipes out LP and then exercises the warrants and gets shares and sits on them for now.

Gov guarantees the paper of F and F - for rules and regs - and lets F and F collect profit and grow capital

Gov sells some % of shares it owns to help create a pool of money for loans to working class poorer - hopefully still wanting 20% down

slowly we own 20% of the company - we are diluted 4:1 but if the total value without dilution is say 60 bucks - then we have 15 dollar shares