Fannie Mae-No Politics (FNMA)

[Guido2]

I agree. Practically everything they've done is illegal. The people who should speak up for the corporations (e.g. Tim Howard) are for personal reasons (possibly bought and paid for by hedge funds) suppressing any mention that the warrants are illegal. If Treasury agrees that FnF have paid down the SPS, Treasury still owes them over $30 billion in overpayment of the 10% dividend. At current prices FnF could buy back the warrants for less than $10 billion. That gives them an additional $20 billion towards their capital. Politicians can claim the profits they made from their "investment" is $301B-$187B-$30B+$10B = $94 Billion.

The reason Ackman, John Paulson and possibly Berkovitz legitimize the warrants is because they probably want to buy the warrants from the government. Ackman and Heroic it's previously made offers to buy them. And Moelis Plan was a thinly disguised plan by John Paulson to buy them cheap.