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read_this_n0w

09/23/08 1:44 PM

#4264 RE: negger0 #4263

Government has not taken any debt from fnm/fre yet
only guarantee to inject up to 100 bln in each if need be
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Entangled Proton

09/23/08 1:56 PM

#4277 RE: negger0 #4263

The deal isn't done yet and warrents are for authorization to buy back shares. Many banks are holding shares in FNM and FRE and they need to restore the pps or those banks are in trouble.
Those shares have been used as collateral against other loans that wheren't previously at risk.