Fannie Mae-No Politics (FNMA)

[bradford86]

Question — for you

In your opinion— if the warrant value can be used politically, do you see the possibility that the government officials in the WH pursue the path that maximizes their value and allocates the proceeds to housing infrastructure grants?

Can the government extract $100b in warrant value while simultaneously zeroing out existing common?

Like can they convert spspa and then exercise warrants? Is there an ordering requiring them to exercise the warrants before converting the spspa or thoughts there?