Fannie Mae-No Politics (FNMA)

[JOoa0ky]

No. Incorrect. Every dollar needed for capital that is discounted in a rights offering means even MORE shares must SPO'd or less capital than needed is raised.

So basically we are all going to need $100 to get a porterhouse steak.

Right now the existing shareholders have $20...

Which means we are all short 80$. We will make up the difference by raising 80$ from newcomers... but the existing dudes decide to put up another 10$.

If we took all of the money... it is now $20 + $80 + $10.

It looks like we have enough for a porterhouse and fried ice cream...