Fannie Mae-No Politics (FNMA)

[familymang]

ANYTIME SOON other than WED Jan 19th 5th Circuit En Banc Orals

which has absolutely "nothing" to do w Warrants or Conversion

I'm curious why you blatantly choose to ignore that the Collin's plaintiffs highlight conversion as an option the government could take to restore value to the shareholders... straight from the plaintiffs filings.

"Thus, if President Trump had been able to direct FHFA to pursue his policy goals from the beginning of his administration, as the Constitution required, FHFA would have collaborated with Treasury to amend the PSPAs in one of two ways: (1) to reduce the liquidation preference on Treasury’s senior preferred stock to zero and end further increases to the liquidation preference so long as the Companies did not make further draws on Treasury’s funding commitment; or (2) to convert Treasury’s senior preferred stock to common stock. In either event, Treasury’s entitlement to 100% of the Companies’ net worth would be gone, and the Companies’ other shareholders could share in the upside."

A win in Collins to restore shareholders to a position they would have been in if Trump was able to complete his GSE agenda could very well mean warrant monetization + senior pfd conversion to common. There is a reason common shares are <$1 post SCOTUS, because investors now understand that this is a very real possibility after the APA claim was dismissed even if shareholders succeed in winning Collins on remand.

The market is trying to tell you guys but you choose to ignore it. Do you think its coincidence the pfd shares such as FNMAS are up ~115% off their lows from August while the common shares are only ~15% off their lows?. The price action is telling you everything you need to know.