Fannie Mae-No Politics (FNMA)

[M I A]

From the filing:

In reference to munch comments back in 2016 of govt ownership and calabria comment "recouping taxpayer investment".

Reads right below that at the bottom of same paragraph:

"As these statements reflect, Treasury intended to exercise its common stock warrants-- which would result in Treasury owning 79.9% of the Companies' common stock-- and then sell that common stock to private investors."

That is from the filing. Not my words.

So if warrants give govt ownership.
Then mnunchin referred to warrants.

And if selling warrants ( ownership) to recoup investment.
Then calabria was referring to profiting off warrant exercise and sale of common.

Again, their words and my interpretation.

You get common ownership from warrants.
Mnunchin referring to govt ownership.
You recoup taxpayer investment from selling common stock that you gained from warrant exercise.

I'm not hallucinating and it is reasonable to interpret exactly that.

JMO

Hey, thanks again for responding.