Fannie Mae-No Politics (FNMA)

[GZGZGZ]

Quote: First, Treasury won't want to cancel both the seniors and warrants. They want even more money than they have already gotten, and given their veto power

eh, are you speaking for the Treasury department? That's quite an assumption.

Mr. Ackman isn't buying into that scenario, either. Moelis' estimates also surpass yours.

The capital structure of the companies will determine the value; the p/e, I would guess, will be similar to Sallie Mae.