Fannie Mae-No Politics (FNMA)

[Donotunderstand]

the warrants were demanded by Paulson for EXTRA profit - and he had all the leverage and Bush support during a crisis

now - in our upside F and F world - these warrants per ACKMAN are the way to $30 PPS

While he does not pair them in his remarks his offer to DJT/TREASURY is ----

Kill the SP/LP obligation and paper ---- in return for immediate exercise of the warrants (in F and F) to be sold over time to the public
Keep 20% of F and F in the hands of current 100% owners
GOV gives up 200-300B on paper accounts receivable for 200-300B future value of shares they own and will over time sell to public

DJT gets cash now when he needs it
Ackman - and we - get $30 a share

Whatever the warrants WERE and no matter how much PAULSON scalped F and F up front --- right now the WTS can be our path to a seriously valuable PPS . Do not spite your nose to spite your face --------------- that is plain unwise