Fannie Mae (FNMA)

[PennMilitia]

That’s not always correct

The reason CITI told us why they wanted
a R/S is they wanted institutional investors
and the PPS needed to be I believe over 5
dollars for that to happen. Long time ago.

Mind you CITI was making good money at
the time of the R/S and good news was
pouring in about the banking industry every
week.

After all was said we ended up with a lot less shares
and the PPS went down a mineshaft.