Replies to post #625485 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

All moot. Warrants were never intended to be used. They were a guarantee, then they decided to do sweep, all extortion, all illegal.

[Golfbum22]

warrants are nothing but a piece of paper saying if not paid back we get 79% of the company as collateral. warrants have not been exercised/stolen yet. DUH

Real stolen billions, yes billions, was done by bummer with NWS for well over 300 billion.

only liberal left wing fake news believe what you 2 are saying. unreal you try and spin who was at fault when it's this clear who the thief was/is.

LMAO

[Donotunderstand]

of course Paulson set it up so the Treasury could own 80%

that is public

anyone not agreeing needs to learn to read English

(I care not if collateral or profitering or blackmail - it is 79.99% ownership of common stock of the companies for pennies - at their wish)

[FortunaFavetFortibus]

So you are saying that Bush DIDN'T take 80% of all future profits with the warrants?

Warrants were common practice for distressed financial institutions at that time. The NWS negated the ability of F&F to retire the loan, and take action on the warrants. If not for the NWS, the loan would have been paid back in full, and the warrants could have been sold back to F&F at that time. Agree or disagree with Bush Admin actions, it was the NWS that locked F&F into perpetual debt to UST and conservatorship.