Two government agencies signed a self-serving contract among themselves.
How can 79.99% of corporations worth $500 billion be sold for a measly $72,400? Think about it: $400 billion for $72,400!
If you aren't aware of it, the day before the warrants were gifted by FHFA to the Treasury, Fannie common closed at $7.04. Freddie at $5.10. Yet the warrants entitle Treasury to buy 79.99% of The corporations at 100,000 shares for a single dollar! BTW, when you get a chance read The definition of "fair value" in the warrant agreements signed by FHFA and Treasury.
The warrants will be dealt with at the proper time.
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