Fannie Mae-No Politics (FNMA)

[bradford86]

your statement is wrong. you say:

if the GOVT is GOING to MAXIMIZE it's RETURN

it will "1st" have to "MAXIMIZE the $COMMON $SHARE $PRICE"

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the above is a false statement.

for instance. if it takes 7B shares at $5 it's valuation is $35B

but if it takes 1200B shares at $0.10 it's valuation is $120B.

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bottom line, the more the government takes as a percentage basis of the pre-ipo common --- the larger its position is worth and that is how it maximizes its return.

converting the spspa and exercising the warrants is how the government maximizes its position.

you've pointed to breach of implied good faith covenant claims as being game changing, i showed you they are worth about $1.50 at best:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167772990

the collins/rop/bhatti cases all now push for spspa conversion

so you're left with the takings case.

what's a takings when the common valuation is $2B? not much.

anyway, that's my analysis.