Fannie Mae-No Politics (FNMA)

[Guido2]

Two government agencies signed a self-serving contract among themselves.

How can 79.99% of corporations worth $500 billion be sold for a measly $72,400? Think about it: $400 billion for $72,400!

If you aren't aware of it, the day before the warrants were gifted by FHFA to the Treasury, Fannie common closed at $7.04. Freddie at $5.10. Yet the warrants entitle Treasury to buy 79.99% of The corporations at 100,000 shares for a single dollar! BTW, when you get a chance read The definition of "fair value" in the warrant agreements signed by FHFA and Treasury.

The warrants will be dealt with at the proper time.


https://finance.yahoo.com/quote/FNMA/history?period1=1220227200&period2=1222732800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

https://finance.yahoo.com/quote/FMCC/history?period1=1220227200&period2=1222732800&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true