Fannie Mae-No Politics (FNMA)

[Louie_Louie]

It does seem they are determined to keep us here until 2028. But if warrants expire, YAY. That leaves seniors and the NWS that was renamed. The government set itself up to own a majority stake no matter if one or two of their fraudulent take over backings failed. If we hit 2028 they will use the excuse that warrants expired, then write down the seniors, but still have a big stake through the dollar for dollar equity steal. That very well could be converted to extra common shares or a special class B, C or whatever, to give them a majority vote for a long while if they attain 51% of common shares. They can use their vote to shut down the minority common holders and JPS dividends, AND use that clout and the ownership of the BOD to ween out the more expensive JPS shares.
The scenario's change massively the closer we get to 2028. The next administration may very well also forgo doing anything to let it all snowball into 2028. They picked an election year on purpose. Look for 2028 to be a very, very contentious election, with probably lots of "GSE" stuff mentioned in the news.