Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

if warrants expire the government can always convert its spspa liquidation preference to the same effect.... if not greater effect

By liquidating the gses?

6.75 years is not a long time when you are talking multi billion dollar Litigation with the federal government.

Administrative bankruptcy, instant recap, and the dilution solution may lose their appeal as an investment thesis in the fulcrum security, especially as time continues its relentless march forward.