Replies to post #637234 on Fannie Mae-No Politics (FNMA)

[GAK-]

I'm not sure why you keep referring to a reverse split. You repeatedly refer to the AIG reverse split, but that had nothing to do with a government recap program. In fact, it was something voted on by the shareholders in an effort to avoid a bailout:

https://www.investmentnews.com/aig-shares-drop-after-1-for-20-reverse-stock-split-22593

Also, at the same time the Preferred Shares also went through the same reverse split:

https://www.marketwatch.com/story/aig-proposes-one-for-20-reverse-stock-split

The reverse split for both common and preferred was a part of the proxy vote:

https://www.aig.com/content/dam/aig/america-canada/us/documents/investor-relations/2009-proxy.pdf

In fact, when the government made its recap plan, it offered common shareholders warrants to purchase stock:

"The warrants, which will be given to shareholders other than the government, were meant to be a sweetener that would give private shareholders the chance to profit from a rise in AIG's stock as the government sells its stake"

https://www.wsj.com/articles/SB10001424052748703730704576066544101831766

[EternalPatience]

Is that a recco