Fannie Mae-No Politics (FNMA)

[Donotunderstand]

re Ackman advocating for WTS

KT said it well - and let us not be GREEDY and get nothing

(Arguing for Warrant use) .. ""is totally reasonable. Ackman's logic is that if Treasury exercises the warrants then they want the share price to be high, which is also good for legacy common shareholders like himself.

What would be against Ackman's economic interests would be a senior-to-common conversion, at which point Treasury's interests would oppose those of legacy common shareholders like Ackman.""

we get 25-35 a share per Ackman math ---- trading a wipe out off SP/LP for 8B shares of F and F ------ and he is being smart to suggest the trade that gets us 8X from here