Fannie Mae-No Politics (FNMA)

[Guido2]

Here's some more pesky math:

FnF earn $20 billion annually. Setting aside their assets, just based on earnings, they are worth 20,000,000,000x15 = $300,000,000,000.

To get a piece of the $300 billion, smart investors would be willing to buy 1.8 billion shares at $100 in public offerings (spread over a period of time to meet Calabria's mileposts).
This pesky math would raise $180 billion in new capital. The two corporations would have 3.6 billion shares earning $5.55 per share. Compare it with earings per share of the biggest corporations in the world and pps for these corporations. Fnf would be an easy choice.

I don't believe that the government should get a penny more than it has already swindled, but if they sell the warrants back to FnF for the $20 billion it's already taken past the 10% moment, I would consider it a favorable deal for the government and end all lawsuits.

Also note that Calabria used the term public offerings and not private placement. NO MOELIS! NEVER MOELIS!