Replies to post #603247 on Fannie Mae-No Politics (FNMA)

[curious999]

wish there was a way i could get it to you. curious to see your reaction

[curious999]

fwiw, their analysis:
sr pref cancelled
govt warrant exercised
100% of existing jps exchanged at discount to par
cap raise is a combo of new common, new sr pref @ fixed rate and new convertible pref callable (mandatory conversion) if common appreciates to target price above ipo