Fannie Mae-No Politics (FNMA)

[Unhombrealado]

I’m almost hitting myself for selling 1/4 of the common stock I had. Oh well, still plenty of money riding the Fannie train.

This should be at least $6 imo, and climbing as we start to retain earnings. Calabria has stated that we will retain earnings, the question is just how much and when. Mnuchin wants it to be the next quarter, Calabria this one. My guess is that it will be a phased approached: we will be allowed to retain some earnings this quarter, but more as time goes by. We know this companies are profitable, got a good court case, and will now have capital!