Replies to post #783888 on Fannie Mae-No Politics (FNMA)

[EternalPatience]

Someone who has enough clout and followers should post it on X

Or may be post it under the pagliara tweet, where there is already lots of views (70K)...It will draw some attention

And importantly irk skateboard and his boss Timp(oster)

Excellent post and extract..

[kthomp19]

Next, I have seen these before, and many people who have posted over the years in various forums have more or less paraphrased, mixed and matched, sometimes garbled, and most often botched the true value you find in these minutes first-hand. Many people in various forums are adamant that the warrants will, or should never be executed, and I suspect these minutes are the reason why; however, I would be cautious relying on these minutes for that end.

Well said.

There is a vast chasm between "Treasury didn't have any intention of exercising the warrants in 2008" and "Treasury won't exercise the warrants in the future". 15+ years is a long time.

While, if ever taken to court after execution, I do believe these minutes would cast serious doubt, if not destroy any validity of execution, these minutes are not a legal agreement between any two parties. It would take an actual court case, the minutes being allowed as evidence, and then weighed against 15 years of subsequent actions.

Since Treasury was ready to move forward with a senior-to-common conversion in late 2020, it is clear that they don't fear any lawsuits over it. They would fear lawsuits over warrant exercise even less.

[Wise Man]

Pagliara's footman, Guido, claims again that the Warrant only affects us when it's exercised, and it's not until then when the lawsuits should begin to pour in.

if ever taken to court after execution

Notwithstanding that FnF present their financial results on a fully diluted basis, which means that, under S.E.C. rules, FnF are compelled to present the results assuming that the Warrant is exercised. Then, the EPS plummets and so do the common stocks' market price as a result.
A Warrant is a security issued for free to evade the prerequisite on PURCHASES of being a collateral (the exercise price $0.00001ps confirms that it was meant to be a collateral of the SPS) under the law (to (iii) protect the taxpayer), after determination of EMERGENCY. Yet, the pro se plaintiff claims that there was no emergency at the time, after FnF were placed in Conservatorship.
Arguably, because even securities used as collateral are barred in the Fee Limitation of the United States. It was meant for the assault on the ownership by Wall Street in the clause 2.1 ("shares assigned to any Person": BKT, BX, JPM, MS, Community banks, etc) and, the key, it aimed to make the common stock price plummet, so it mimics the initial collapse in the JPS price caused by the dividend suspension (a fixed-income security without a coupon payment, turns into a discount note), so the plotters can peddle the lie contending that Cs and JPSs are somewhat equivalent securities, seeking a conversion of the nonconvertible JPS to common stock.

The reality is that the litigants are using the Warrant to negotiate with the government a better deal for the JPSs. This is why no one has challenged it seriously with the law.
Guido is the one hired to transmit the idea that everything is fine with the Warrant outstanding, despite that once it's exercised, there is no way back.
Quit peddling your same slogans, like saying that the banks repurchased their Warrants under TARP.
Hand-in-hand, Guido and the pro se plaintiff Joshua Angel, peddling the idea of a FnF subject to TARP, when they are subject to the Charter Act.

BUSTED.