Fannie Mae-No Politics (FNMA)

[Donotunderstand]

no
they were never collateral

1. There was no loan to collateralize

2. They were always - a bonus (not unusual in many cases) - a bonus (yes on top of 10% and ..) that the GOV got for advancing what THEY viewed as this needed cash and guarantee

I did not say it is correct that GOV has these. !!!!

I did say - and while its my opinion - it is an opinion based on living it - reading and also based in how debtor financing (what Treasury viewed this as and was so structured in equity fashion) examples in many many situations looks like ---- just the Cherry on the top to Treasury

I do think - in some paths - we could see GOV agree F and F to Treasury of 300B v 190B put in is wiped out - if part of that deal to toss out all that "potential crushing dilution" comes with 5B new share and a likely price FOR OUR shares of 15-35 ---- most likely per posters here 20-25