Fannie Mae-No Politics (FNMA)

[Forrest Gump Luck]

Sorry I used to know all this. I was just trying to read through the gibberish of the fourth amendment the senior preferred share purchase agreement. What I forgotten is how that relates to the liquidation preference? As I recall all the money that’s been retained, has been added to the liquidation preference. The senior preferred share agreement gave treasury 1 billion shares with a liquidation preference of $1000 per share. The warrants give them right to 80% of the company. When discussing the possible possible liquidation, it’s only in the event of bankruptcy, or a wind down, Which Wallace risk seems remote due to the complexities involved.
The warrants are assignable meaning they can give them to somebody else meaning they can sell them to somebody else.
Can someone explain to me even you Bradford like I’m five how without a bankruptcy, the liquidation preference matters? How does the common get diluted, except in the event of a bankruptcy or wind down?
Thanks I stopped paying attention basically after we lost Collins I still have 71,000 shares, I’m about a 1.88 probably a little bit less because I traded in and out right after Trump’s first election also known as his only election so far.
Can somebody remind me of the scenario whereby Fannie Mae is released from conservatorship and the Commons get screwed? Also explain to me how Republican senators and their drunk uncles would not get screwed. What would the do differently? Make a bet on the sudden drop in share price?