Fannie Mae-No Politics (FNMA)

[KylieM]

As far as I know -

1. The Treasury holds both senior preferred shares and warrants. The latter, if exercised, will change the former to common shares;

2. The Treasury holds around 4 billion sps. And there are around 1 billion common shares. Thus, if warrants are exercised, there will be around 5 billion common shares meaning our shares in FNMA will be diluted;

Now I have questions --

1. What will happen to junior preferred shares then?

2. The Treasury is supposed to have been repaid what it had paid namely 180+billion with 10% dividends, how come they are entitled to get another lion's shares? This is not just and fair to the common shareholders, is it?