Fannie Mae (FNMA)

[matmlg]

Hi Glenn. Thanks for coming back to the board and sharing your views. In one of your previous posts you mentioned that you feel that the common prices mentioned in Moelis plan seem a bit high to you. On page 41 the estimates are as follows:
2018- $7.95
2019- 8.75
2020- $9.62

Are those the estimates that you are referring to?

Yesterday in an interview Ackman mentioned that his fund believes that upon release, he seems Fannie and Freddie being in the "mid-teens". In your opinion, why do you think his estimates may be so far off?