Fannie Mae-No Politics (FNMA)

[YanksGhost]

The entire, verbatim content of this message is cut and pasted from my message on Yahoo Finance, yesterday. No citation is offered for my authorship. This is tantamount to a theft of intellectual property.

This establishes a new benchmark for low behavior here.

The new Administration focus on a sale of the GSEs to private capitalists delivers the same approximate warrant value as Moelis projects, but does so on an immediate basis vs. 2-2 1/2 years of ALLI/Maiden Lane style selldown of converted shares. If GOV wants to "keep the goods" THIS is the route they will choose. And it establishes an immediate $25 common share value with no limit to the upside going forward. And the GOV can only monetize its warrant shares by delivering the same PPS to current shareholders.