Fannie Mae-No Politics (FNMA)

[Barrario]

NS $50 to $100B is not chump change or minimal though they would raise that much just releasing through tax revenue and could actually keep it for something other then capital for FnF's. GOV would have zero success cashing in on warrants not using the proceeds as capital (EQUITY) because to do otherwise who would have any interest in ever investing hour MBS back by FnF if the government and steep in and rip everyone off. The capital is already there. All $200B taxpayer back stop to keep housing and economy afloat. Sounds like the Taxpayers getting as pretty good deal to me and we would not even need to use had the GOV/Taxpayers not put $300B in FnF profit into the black hole of Treasury general fund. In short the $200B back stop really is our equity.life is good !!