Replies to post #492072 on Fannie Mae-No Politics (FNMA)

[kthomp19]

There was even verbiage stating this exact fact.

Where? I will need to see specific proof to believe this.

From the SPSPA FAQ:

Can the government exercise its warrants whenever it wants, even if it is disadvantageous to the companies?
Yes. Treasury can exercise its warrant for up to 79.9% of the common stock of each GSE on a fully diluted basis at any time during the 20-year life of the warrant.

I read these documents and didn't find any mention of whether the warrants were issued for a specific purpose, let alone specifically as collateral against repayment of the money drawn from the funding commitment.

Warrant (legal version)
Original SPSPA

Here is where you can find resources to help you with your citation.
FHFA's SPSPA page

[Brooge warrants cancelled]

whats the verbiage?