No wonder people suspect that you are Glen. Your tone and presentation are exactly the same. The same warrants and LP conversion threats are used. I told people in this board many times. When they announced the PSPA, it was somewhere mentioned that the free warrants are just-in-case arrangement to protect the government shall Fannie and Freddie bankrupt. (I suspect it is in the Q&A session. Sorry that I can’t find the link. But, people in this board did echo that he/she had saw the same information.) For the LP conversion, it is a complete nonsense. LP is for bankruptcy. And, FnF have paid $310B (upto 2020/2021) to UST so far for a total loan of $179B. In fact, the bailout are credit lines. I am sure whether there were actual cash involved. Can someone write to UST and see if they can confirm ?
I hold both jps and commons. At first, I own commons only. Then I bought jps to balance the risk per Glan’s advice. It is my own call, so I am not complaining. The fact shows that commons are picking up much faster than jps.