Fannie Mae-No Politics (FNMA)

[imtheshadow]

Depending on the sequence of any RRR announcements, I agree that it could be very difficult to determine how much the recap dilution adversely affects the pps. Since the recap dilution will be needed to replace the capital stolen under the NWS - and said capital is NOT needed to grow the business (as there is ample positive cash flow and debt markets for that), I feel that, no matter what, the recap shares will be detrimental, even if that impact is offset by other positive developments. Always appreciate your input. cheers