Replies to post #611941 on Fannie Mae (FNMA)

[camaro4me]

He might not have any Fannie or Freddie preferreds at all.

There isn't a separate line listing his preferred FnF holdings. So, it's got to be under "Very small holdings". And this has been reduced from $64 million to $23 million. Without John Paulson there's no Moelis plan. Just another strike against conversion.

Let's count the strikes:
1) Not in Calabria's capitalization plan.
2) Not requested by any plaintiff.
3) John Paulson, Godfather of conversion, has reduced or eliminated his preferred shares.