Replies to post #715763 on Fannie Mae-No Politics (FNMA)

[M I A]

Thank you for the links.

[stockprofitter]

Sticky

[Wise Man]

FnF didn't participate in the CPP program.
The average price of the preceeding 20 days is related to how the exercise price of the Warrant was set initially, when a bank got approval to participate in the CPP program.

FnF is different. The exercise price was set at $0.00001 per common stock.
It was more a collateral than a compensation. Illegal in the Charter's Fee Limitation.
Pagliara is your boss.

[Pecker9Wood]

So where are we on this? Is there buying ?

[HappyAlways]

That’s great, we don’t have to worry about the warrants. By the time loans are declared fully repaid, Fannie should be about $2. The payout to settle the warrants will be $2B. The GSEs sponsorship to affordable housing already cost them $1.1B. That’s robbery again.