Replies to post #660905 on Fannie Mae-No Politics (FNMA)

[imtheshadow]

the exercise of the warrants was noted as a condition of release from cship ... tied up now but will find reference and post if not already done

[kthomp19]

where did GOV say they would exercise

anyone have a true legit - very recent - GOV comment citation on yes or no to warrants

The agreement says FnF cannot raise capital until the warrants are exercised in full. I can't copy/paste from the agreement because it appears to have been scanned in, but check Section 5.2 on page 7. I recommend reading the whole paragraph, but the part about the warrants is after (A).

https://www.fhfa.gov/Media/PublicAffairs/Documents/Executed-Letter-Agreement-for-Fannie-Mae.pdf

[EternalPatience]

They did not say that the warrants will be exercised. It just says without consent and approval it cannot be done (. KT is as usual punctuating it incorrectly and reading it and leafing it wrong.... It's the same section 5.2 that KT is referring to.. I re read it...