Fannie Mae-No Politics (FNMA)

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Thanks for the clarification andydub. I see, so Olson is saying that the generation of senior preferred stock is a new security which violated the 2009 purchase deadline.

So, in that case, the exercise of warrants for common stock still stands. If so, how can a government hurting so badly for cash turn down the opportunity for 10000+-fold return on exercise of the warrants and selling of the stock at fair market value?