Understood, so assumption is that warrant ownership and value stays with govt, company issues additional shares on top of this to recapitalize itself basically. If warrants are used to recapitalize the GSEs then $ could change. Not quite sure if govt will give it up but guess at this rate we won't know. I would assume govt will want to own a piece of the companies or retain a portion of senior preferred stock for guarantee. A lot of moving parts here but overall positive shifts so far.
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