Fannie Mae-No Politics (FNMA)

[imtheshadow]

cmdr, assuming your comment is directed at my projections ... you may be correct, raising $100B+ is a big lift (though not impossible), but in either case, my point is that Ackman's $23/share figure doesn't account for recap dilution - and the impact of that could be worse than the warrants. Investors will know its coming and they will run the projections to take that into account. Upside for common could be $6, not $23 (and I say that as a pre-cship owner of 50K shs.)