Fannie Mae-No Politics (FNMA)

[bcde]

Current political goal of Trump administration is to make housing affordable to all.

Any conversion of of JPS or SPS will not only complicate everything forever but also makes common shares and warrants worthless. Even conversion of warrants creates legal problems and complicates everything. Why would any one wants to buy common shares of such companies?

Gov has already made good money through penalties on big banks, SPS interest and NWS.
The easy and simple way Gov can make money from FnF is to buy back warrants at good price without creating legal problems.
Then using SPS as a back stop for FnF without Gov explicit guarantee helps to stabilize MBS market..

Respecting the rights of existing JPS and common share holders is the only easy and simple way to end conservatorship and all the mess previous FHFA conservatorship has created.