Replies to post #585037 on Fannie Mae-No Politics (FNMA)

[jeddiemack]

its not just a number i want...

i want the entities released, allowed to actually retain capital, have those warrants eviscerated and the debt extinguished.

i want justice... that has been denied the company's and its owners (taxpaying) shareholders.

[Forrest Gump Luck]

What would it take for gov to resolve?
IMHO not too difficult.
1. Halt trading
2..Schedule shareholder vote.
3. Move to big board maybe allow options. Maybe not.
4. 124 billion tax credit. (Companies are profitable and this tax credit is almost as good as cash. On a balance sheet it is an asset (though somewhat time discounted..) helps the optics though...
5. Credit line that Gee’s pay for when they use.
6. Gradual Resumption of payments to prefs.
7. One time nominal special divi, 1 buck. Commons would vote for it.
Shareholders approve.
No cash changes hands from gov.... or maybe 25 billion.
Gov then gets 20-% on all our gains anyway. Costs them nothing really.

Am I missing something? Shareholder vote to approve above would probably sort out the rest?