Fannie Mae-No Politics (FNMA)

[WAM2]

If anyone thinks the government is going to give up on 79.9 percent of the common shares through the warrants they have, they are sadly mistaken. The government is going to use those warrants, get the common shares recapitalized between $8 to $20 per share, and cash out with over 100 billion. The government does not have a taxing problem, it has a spending problem! 100 billion will help with that!