Fannie Mae Preferred S (FNMAS)

[georgenips]

The AIG warrants were converted because that was the only possible way the 182 billion dollar loan would get repaid. Our Gov made 22 billion off that transaction.

The former CEO of AIG is now suing over the bailout of AIG because it was unconstitutional and wrongly cheated shareholders out of billions of dollars.

General Motors received a loan for 50 billion and only paid back 39 billion.

Fnf will have paid back at least 22 billion on top of their loans next month when 4th quarter earnings are released.

plus another 21 billion through 2023 for the payroll tax fee charged on all FnF loans.

Our Gov could have gotten away with converting the FnF warrants a couple years ago. Now that the Gov has been paid back, their time for converting warrants is no longer "ripe".

Can you imagine the Gov releasing FnF from conservatorship? how much would the stock price be the next day?
Those 5 billion shares the Gov has in Fannie would be worth at least double their investment in Fannie.

Would that be fare treatment to current shareholders knowing the type of returns our Gov gained from the other bailed out companies? no way.

They will never get away with cashing in those warrants after their loan was paid in full.

In true Mafia fashion, FnF were bullied into the conservatorship and forced to take a loan with terms that were not negotiable.
10% on the money is more than fare and more than any of the other bailed out companies paid.

I have been long in mostly commons since 2008 when I first paid $5 a share and FnF were "adequately capitalized".

After all these years, it's about time I get "adequately capitalized"