Replies to post #787800 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

I wish the P crowd would stop with the warrants, their Receivership fantasy never happened, and every time they bring it up its wrong, cause it was just insurance, not a random whim. only the young and the ignorant get scared and leave, or its used when stock is going up. just like all the Ps that seem to be exactly the same, they seem to rattle off one thing after another in succession, near the EOD, like it means something. They are not around so much cause P shares are going up too, which is ok.

[Guido2]

I'm probably older than you. But that's not the issue here. The warrants are just a part of a greater fraud perpetuated by FHFA on it's wards. The day before conservatorship Fannie Mae common closed at $7.04; Freddie at $5.10. However, FHFA issued warrants enabling Treasury to buy 79.9% of their shares at $1 for a 100,000 shares. That is a $46 billion fraud of it's wards' equity at the onset of the conservatorship and planned much before. A jury of 8 ordinary citizens saw through the Net Worth Swindle. They'll easily see through this additional looting.