Fannie Mae Preferred S (FNMAS)

[taintedfud]

i think the only way the pfds cah be acquired by fnf(at say $0.50 on the dollar)is with tender offer. same with an exchange for common stock. they can call them at face value when the time window is correct.

if the tsy exercises the warrants, they own fnf. the 5T go on the tsy debt list. i do not know why, but that is what the wise men say.

paulson, god bless him, stated in 08 that the feds had no intention of ever converting the options. they were a guarantee against someone taking control of fnf, and doing something tsy did not like.


i would think that if fnf are put into receivership, they become the wards of the courts. they would thenbe sold piecemeal or as a single entity. the only kids big enough to buy them would be a government. could you see fnf as a part of nigeria, or venezula?.

i would think fnf would carry a value of at least 10x earnings, which is 150B plus assets.