Fannie Mae-No Politics (FNMA)

[obiterdictum]

Hi Glenn,

ipo/spo it's looking like early next year is when they start doing the capi tal raise.

What does early next year mean? Sometime between January to March or...perhaps later?

Is that when Fannie Mae and Freddie Mac will have the first day of selling new shares on the market (e.g. NYSE, NASDAQ, OTC Markets)?

Or does that mean Fannie and Freddie would have already met the requirements for and would have filed Sec Form S-3 with the Security Exchange Commission, produced and filed a completed prospectus that is declared effective by the SEC, while beginning advanced preparations for the actual sales day of the public offering like Alibaba did on September 19, 2014?

Or....