Fannie Mae-No Politics (FNMA)

[M I A]

You're wrong. It's okay. You've been wrong before and will most certainly be wrong again.

Saying it's MY interpretation of the filing combined with trump letter implies there is more than one way to see it.

Other ways: lp conversion, warrants, both

I chose warrants, then in MY interpretation said "hey guys, since you already got a whole Lotta money you don't need to recoup anything anymore"

The end.