Replies to post #729458 on Fannie Mae-No Politics (FNMA)

[kthomp19]

I just said it could be either one but unless you have proof, I interpret my way that's all.

Now you're contradicting what you said in the first post in this thread (emphasis added): "Munch and calabria recognized the warrants as a symbol of ownership and not lp."

I already provided proof that either warrant exercise or a senior-to-common conversion can confer ownership, and you even agreed with me.

So again, the burden of proof is on you to prove that Calabria/Mnuchin/Trump were not referring to the "lp" as you put it. Unless you have changed your mind.

I mention trump letter because I don't believe his language would have both warrants and sp conversion when calling this socialism.

How would one be socialism and the other not?

According to Trump's letter, Treasury would sell its common stock for a profit when FnF are released. Release from conservatorship is (re-)privatization, which is the exact opposite of socialism. Treasury's common shares, no matter how they acquire them, have little to no value while FnF remain in conservatorship (around 60 cents per share last I checked).

Remember it's how I see it.

Without proof it's just wishful thinking. You're going through some pretty severe contortions to deny the possibility of a senior-to-common conversion. If you're going to claim to consider the worst case I suggest you actually do so.