Replies to post #803794 on Fannie Mae-No Politics (FNMA)

[FFFacts]

No, the much more important concern for the commons is what Treasury will do with the senior prefs. A conversion of those to common, as John Paulson has implied will happen, would cause the commons to be worth far less than they are today.

Caveat emptor.

Don't know how many times I have to say it. Legacy commons WILL get a rights offering.

[FannieMan]

"as John Paulson has implied will happen"

Can you humor me with a source? I don't doubt what you're saying at all, but I'd like to read more. Thanks

[FannieMan]

Also, if you're so negative on the commons, what FNMA do you hold and why? Any preference on certain preferreds?

[Ace Trader]

WHAT THEY HAVE and what will be converted is the warrants to or SPSA???.

7.4 billion common shares is the conversion to common from Treasury ?????
Treasury Stock (7.4B)
https://www.marketwatch.com/investing/stock/fnmas/financials/balance-sheet

Diluted shares Diluted Shares Outstanding 5.89B
https://www.marketwatch.com/investing/stock/fnmas/financials

Or is the SPSA being paid off??
Issuance/Reduction of Debt, Net, Change in Long-Term Debt, (185.19B) 100.98B (145.12B) (154.74B) (130.17B)
https://www.marketwatch.com/investing/stock/fnmas/financials/cash-flow