Completely agree and I don't doubt he'll try for a better deal, but I just don't see the gov. giving up basically an 87% stake when you factor in tax revenue. I also think Ackman is quite pleased with $20-$25 in the end. In addition, suppose prf'ds are convinced of a $20-$25 pps for common and are offered a 2:1 or 3:1 conversion. This is personally what I'm hoping for. The admin can then go out and take credit for freeing FnF, making billions for "the taxpayer" and gets the economic bump from increased home ownership. Dems claim Trump was just helping his billionaire HF buddies, at which time, he buries them with some of the damning Obama admin docs (focused on illegality of NWS not the initial deal). IMHO
I hope Ackman can get more because it benefits me and I hope that we get a remand/reversal in Perry for added leverage. I'd love to see the warrants voided..believe me! Guys like Mnuchin/Trump don't leave billions on the table when it's possible they can structure a win-win.
As an aside, I just get sick of people on this board (not you as you've got some great insight and knowledge) and others making these downright stupid claims of pps.
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