Jul. 3 at 7:27 PM
$FNMA I'm writing this for benefit of those who weren't here from the start and think FnF situation is similar to AIG. It isn't. The court actually sided with Starr International and ruled that exercising the warrants was a TAKING. However, it awarded Starr
$0 because without the government's help, AIG would have been bankrupt. According to their Regulator James Lockhart, FnF were well capitalized when the warrants were issued. Their conservatorship was described by President Bush as TEMPORARY to ensure liquidity in the secondary financial market. In other words, they were forced to buy bad mortgages being held by TBTF banks. I'll be in the forefront, if FnF warrants are exercised.
https://share.google/aimode/bgcnjNv8dAxXFSQwO
https://www.fhfa.gov/news/statement/statement-of-ofheo-director-james-b.-lockhart-in-support-of-secretary-paulson-administration-and-the
https://www.gata.org/node/6758