Fannie Mae-No Politics (FNMA)

[imtheshadow]

Draws = $190B
Warrants = commitment fee = $100B - $150B (est. possible value)

So, unless a near miracle occurs with the Wash Fed case, we will have paid back the draws (plus some) AND have "paid" a commitment fee equaling somewhere between 50%-80% of the funds provided. That will be interesting to compare that to whatever commitment fee has to be paid going forward for an explicit gov't guarantee. Un ... bucking ... falievable