Replies to post #443138 on Fannie Mae-No Politics (FNMA)

[Latergater]

“The infamous letter that only you have”

[Latergater]

Wonder why Bill includes warrants in his price estimates since clearly, as the largest common holder, he could simply just write a letter to the SEC and receive the mysterious letter that proclaims the warrants to be illegal. Someone really should tell him that writing a simple letter could save him hundreds of millions of dollars.

[contrarian bull]

I doubt anyone questions the warrants are illegal. But so is most of what has been happening to F&F. I would not expect the law to be followed with the warrants any more than it has been followed ever since F&F were nationalized.