Replies to post #363718 on Fannie Mae-No Politics (FNMA)

[Lite]

It's my understanding that the warrants were placed there as a safeguard-no a windfall.

Bottom line Yank (and you evade this), C-ship was mid-handled and an amendment (not signed off on by Congress) was added. The legality of this amendment is one of the issues being challenged in our Courts.

They cannot execute based on a mis-managed c-ship. (IMO)

[Pecker9Wood]

You keep talking about the warrants and the accounting. I understand that warrants once executed are new shares. After that they aren't warrants but shares of the company. Since you are so knowledgeable of these matters once those shares are created are they common or preferred ? Are you telling us that the warrants are reserved positions of 79% of current shares.