Fannie Mae-No Politics (FNMA)

[Viking61]

My thoughts are that it would take time to exercise warrants. For it to work the Seniors and Liquidation Preference would have to be written down to bring the worth of the warrants up. The Government needs a higher price on the warrants to achieve their goals. Yet, the SP and LP need to go first which will in itself send the share price to the moon!
Then the Government will try to exercise the warrants which will bring multiple takings lawsuits. Yet again that will take time but in the meantime the share price will be multiple times higher than it presently is. Many other things will happen during this time but there will definitely be much time between each step.
Whatever happens either one or the other will have to go away and Treasury will probably have to discount the warrants to make it all work.
Just my opinion.