Fannie Mae-No Politics (FNMA)

[Donotunderstand]

well finally the PIK (pay with equity common stock ) VERSUS use cash is raised

and a big shot said - seriously - did not know we could?

that is insanity

Indeed the role of conservator - is in part to conserve cash - and where such cash might go low == THEY ABSOLUTELY SHOULD HAVE PAID IN STOCK

that alone seems so huge

What is this bull about we need to infuse cash (so they do not borrow to pay 10%) when F and F had zero need to pay cash