As part of its bailout agreements with Fannie and Freddie, the government was handed warrants to purchase just under 80% of the common shares of the two GSEs at a strike price of $0.00001 per share. "The zombie common shareholders have no rights or remedies against Fannie and Freddie, both operationally active companies, or their regulator--the Federal Housing Finance Agency," Nader wrote. "FHFA ordered the Fannie and Freddie boards and executives to suspend communications with shareholders and abolish the annual stockholders meeting." With the Obama administration expected soon to offer a proposal for the future of Fannie and Freddie, Nader wrote that "the common shareholders of Fannie and Freddie need to organize and make their voices heard in Washington. Clearly, they should have a say in how Fannie and Freddie are managed--in the board room and in Congress--from here onward."