Replies to post #706300 on Fannie Mae-No Politics (FNMA)

[Guido2]

I think Paulson is long gone. Haven't heard a peep from Moelis in years. And Berkovitz has cut his position.

[The Man With No Name]

No, likely more like 15% of the newco common stock.

All the preferreds, junior and senior will be equitized. This costs nothing.

This is reality and this has to be done for new money to invest in a recapitalization. In other words, if you want to be released from conservatorship, this has to happen.