West Long Island Profile picture
Nov 7, 2019 11 tweets 4 min read
1/ After talking to some people last night about potential resolution of GSE's, I need to explain how corporate structure works with application to GSE's. This is going to be the thread about it and exploring Collins relief options on corp structure.
$FNMA $FMCC #FANNIEGATE 2/ Corporate structure is about what asset class lays claims on assets of corporation. In this case it's equity (as Assets-Liabilities). GSE's equity has three classes in order of seniority. $200B face SPS, $33B face JPS and common+80% warrants.
$FNMA $FMCC #FANNIEGATE