Fannie Mae-No Politics (FNMA)

[GOLDBUFFALO]

"In the event that Fannie and Freddie are recapitalized, John Paulson estimates his preferred shares are worth between 70-100% of par value. It depends on when the warrants are exercised and in the Moelis plan (which Paulson backs), the commons are worth $8-$13. I don't own common shares, but have in times past. In the Moelis plan, the common shares would outperform the preferred shares from today's price."