Replies to post #506832 on Fannie Mae-No Politics (FNMA)

[Sone]

So what happens? When they say commons will get zero

[Sone]

“If I understand the appeals court position correctly, it sees no need to pay the common shareholders anything. There is no contractual relationship between them and these two companies,” Bove wrote.

The best hope for common shareholders is that the government itself holds warrants on 4.6 billion shares of Fannie Mae and 2.6 billion shares of Freddie Mac, and those warrants would essentially be worthless if the government opts to pay common shareholders nothing, the analyst said.

[RCChristian]

You are confusing the term private. The GSEs are not leaving the capital markets. We are private shareholders in a publicly traded company. Also not to be confused with privates which everybody has.

LOL!!! Man I had to reread that 3 times until it finally hit me. $3 is coming until we can have Cosco hotdogs for 2 !!!!