Fannie Mae (FNMA)

[Sogo]

Great point re capitalization. If released to current shareholders, the increase in share price alone would provide a very nice increase in capital. Very roughly speaking, if a plain release happened with warrants exercised, say we'd be at $25/share in pps. That'd increase capitalization by $25 minus current pps times the number of shares. That'd be very roughly $23 billion. Am I nuts?