Fannie Mae-No Politics (FNMA)

[Potty]

Well, real Tim Howard notes they got around 35 billion in reserves that can easily be reassigned -- god knows what else there is out there.

PLUS Government makes some concessions and kicks in a few 10-50's billions more either by cutting warrants and/or raising strike price to sensible level and/or as cash settlement for taking, announce the news and the SP goes way high...

PLUS Then do a preferred offering. SP go higher.

PLUS Finally do a common offering if you need it at all...

Government wins big, all security holder win big...

Going to be 2.5-3% and we can get there VERY easy IMHO

But what do I know lol