Fannie Mae-No Politics (FNMA)

[BaGr]

Could someone explain how 80% of the shares becomes 5 times the outstanding shares.
They owned 92 percent of AIG. Don't know what AIGs OS was. Also when AIG did the 20 to 1 RS did this effect the governments shares?

Over the last 19 months, Treasury has conducted six public offerings of AIG common stock, selling a total of 1,655,037,962 shares (originally 92 percent of AIG’s outstanding common stock) at an average price of $31.18 per share. Treasury's $20.7 billion AIG common stock offering in September 2012 alone represented the largest single U.S. common stock offering in history [2].

After the closing of today's offering, Treasury will continue to hold warrants to purchase approximately 2.7 million shares of AIG common stock – the sale of which will provide an additional positive return to taxpayers.