Fannie Mae-No Politics (FNMA)

[JOoa0ky]

Precisely. They sold warrant shares until they recouped all of their loses. Then they sold a little bit more for a profit and then sold the rest back to AIG.

Warrant was used in AIG b/c gov was in loss before warrant.

In GSE, Gov has made $110B profit.

This is NOT bankrupt company or chap 11 because Gov made $110B. If Gov force for Chapter 11 then $110B needs to be distributed among SPS, JPS & common.

Also, $6 Trillions adds to deficit.

Have you heard any company where preferred shareholders are paid $100B & then company filed for chapter 11?