Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Yeah but mrfence, what would be good for da goose (government), would be good for da gander (shareholders) in that case. Their shares are attached by the hip to our shares based on the 79.9 and 20.1 ratio they have chimed about for years! No way do they get rich on that without pulling us along. How do they manage (I'm gonna say it) a windfall on only their 79.9? You can't legally. So as their shares would go, so would ours. The warrants say purchase of 79.9...blah, blah, blah. Not purchase of a new class of shares or anything else. It says purchase of a percentage of existing shares. That's kind of a good thing and why I say government will look out for that relationship more than pref's, but those JPS guys don't see the logic....yet
Also, someone mentioned how in the world does government follow through with the warrant purchase verbage since that would require congress to kick treasury in the pants to find the money to buy. THAT is probably why Trump was limited in how far he could go administratively. He would have never got past the Dem controlled congress to free up money for the warrants. This is why midterms are first critical step, then 2024.