Fannie Mae (FNMA)

[bradford86]

you wouldn't understand that they are selling $25 for $1.58 and that you should be capitalizing on this, because you think that .. well i dont know what you think about jps.. i don't think you know what you're doing, but i think you are a resentful person. you spend more time focusing on what i spend my time doing in my free time than reviewing the restructuring mechanics. let me help.
https://www.cbo.gov/system/files/2020-08/56496-GSE.pdf
Existing Claims by Shareholders
Investors other than the Treasury currently hold about
1.8 billion shares of common stock in Fannie Mae and
Freddie Mac, as well as about $32 billion in junior
preferred shares (which CBO rounded to $35 billion
for this analysis). All of those shares were issued before
the conservatorships. Any recapitalization plan would
probably need to address existing shareholders’ claims to
the future earnings of the GSEs, which would affect the
price that investors would be willing to pay as part of the
GSEs’ sale of new common stock.

review table 2 and 3 scenario 2 where spspa takes a haircut. warrants are worth * which is between $0 and $100,000,000.