Replies to post #660983 on Fannie Mae-No Politics (FNMA)

[Golfbum22]

The NWS is not canceled when the liquidation pref is tied to and goes up with all retained earnings

It's Called a "poison pill" which poisons all earnings because they are not real with this anchor tied to them

Mnuchin is a scumbag for starting this with the first LOA and increasing it with this fancy LOA