Replies to post #524581 on Fannie Mae-No Politics (FNMA)

[bcde]

"If FnF go into receivership right now, they only have $6B in capital (excess of assets over liabilities). The seniors' liquidation preference of $193B would absorb all of that, leaving nothing at all for common shareholders, including Treasury with its warrants.
"

kthomp19,

LOL, Why did you leave out JPS holders?
How much JPS holder will get?

[RCChristian]

But treasury wants to sell warrants. they want to maximize their investment. someone pointed it out in Calabria’s interview as part of the negotiation to stop nws and recap. Why would they go receivership; treasury will get nothing in return for the warrants.