Fannie Mae-No Politics (FNMA)

[Guido2]

Not Patswil, but would like Patswil to consider the following when he comes up with his figures:

WARRANTS BUYBACK: FHFA & Treasury define "fair value" as closing price of the prior 20 days in their agreement. This would be roughly $8 billion for Fannie and $5 billion for Freddie.

EQUITY: Current Capital plus Current Reserves plus $30 billion less JPS.

EPS: No comment. (Defer to Patswil's expertise.)