Fannie Mae (FNMA)

[Donotunderstand]

in all cases that I can see - to not be insanely diluted --- we need to assume that the GOV forgives the 170-180 B it invested

and IMO then not assume we can get the 125 ---- but such assumption (no return of 125 but "paid up agreement on investment" is 50+B better than getting the 125B and the GOV not cancelling out the investment for return on investment of say 300B