Replies to post #750511 on Fannie Mae-No Politics (FNMA)

[bradford86]

Thats not true.

You cant just say whatever you want and for it to be true. You are forgetting about the spspa liq preference

The spspa liq preference is way more than the warrants and that must be reckoned with before commons see a dime.


Like i have been saying, if the spspa is converted to common to maximize the govts pre restructuring common equity ownership — existing common basically are worth less — at best anything they get is a gift from the government.


Is this a tragedy? Yes.