Replies to post #850456 on Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Treasury can't force a conversion, but Pulte can certainly offer it ;-)

SPS will be Converted to Commons. It's only a question if they do it before or after they execute the Warrants.

If it's the latter, look out below. Either way, it's going to be painful for FNMA Commons.