Fannie Mae-No Politics (FNMA)

[Guido2]

1) If government releases them and voids the SPS and warrants, the price would immediately jump over $100.
2) Both are currently trading "over-the-counter". Ackman means list on NY Stock Exchange or NASDAQ.
3) You continue to hold the shares you hold. If the capital requirements are revised to reflect last four years' stress test results, there's no need for additional capital.