That's what I mean when it comes to ( GREEDY GOV) in Cat mans book it does lay out like this. Commons are risky but huge rewards if the Warrants and SPSA are not converted. But alot of the wording in HERA is double dutch when it talks about the warrants ONLY being collateral for there investment nothing about converting them to commons if I read it right. It's been awhile maybe some board memeber has a clearer picture of HERA
Sorry, I make it a habit to ignore conservative voices intent on destroying the GSEs. That always has been his intent from working on the Hill through his other acts.