Fannie Mae-No Politics (FNMA)

[bradford86]

once the government exercises its warrants, does it own a controlling equity stake in the companies?

if so, can it work with preferred shareholders to structure a deal whereby they convert as part of the restructuring to prepare the companies to raise capital?

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it's not that these jps have conversion terms, it's that they will get them as part of them settling their lawsuits.

you sure are naive, is this your first restructuring? in the past i owned non convertible preferred stock and they were converted ... so my real life experience seems to suggest your assertions are simply naive..

welcome to restructuring.