Replies to post #669953 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

?
not sure I understand

If LP goes to zero - yes - that means somehow the dividends paid are viewed as calling in all the senior PS paper

that action does not negate the warrants as that is separate - right or wrong -

I have no idea what the GOV will do

My favorite would be to use them as capital raisers for F and F

Fat chance - zero

Or - GOV wipes out LP and then exercises the warrants and gets shares and sits on them for now.

Gov guarantees the paper of F and F - for rules and regs - and lets F and F collect profit and grow capital

Gov sells some % of shares it owns to help create a pool of money for loans to working class poorer - hopefully still wanting 20% down

slowly we own 20% of the company - we are diluted 4:1 but if the total value without dilution is say 60 bucks - then we have 15 dollar shares

[imtheshadow]

problem is courts have been doing weird shxt all along ... they could say, oh, the loan was paid back in full BUT the warrants were the kicker for taking the risk ... and the consideration of $0.0000000000000 (you get the idea) was appropriate for insolvent companies ... of course that bs ... but so was the "shall" vs "may" argument ... the board "approval" ... the total write-down of the DTA ... the anti-injunction "no-one-can-sue-us-even-though-we-broke-the-law" ... etc., etc., etc. ... until direct claim are allowed, the utter bs underlying the cship itself, and warrants, will remain LEGALLY walled-off ... even though the theft occurred in broad daylight ... I'm hoping scotus throws us a bone and I can get out at $10 ... but am prepared to be very disappointed by some fancy bs legalese rationale as to why the nws is valid, no direct claims are allowed and our wonderful director that so many think is here to help us can keep his job ... I may not be skeptic7 ... but I'm at least skeptic2.5 ... lol