Fannie Mae-No Politics (FNMA)

[imtheshadow]

dr f, the only question I am addressing is which was the greater taking - the warrants or the NWS ... I think that somebody made the point that the NWS made the warrants moot ... and I think that is correct in the sense that who needs the warrants if everything you make is swept to the gov't ... but I think it is also correct to say that the NWS encompassed the warrants by taking all the residual value not already taken by the warrants ... and the residual value not already taken by the warrants was "only" 20% ... I wish we could conduct the experiment to see if the pps would rise more if the warrants were cancelled or if the NWS was stopped ... I think returning 80% of the value of the company to existing shareholders would blow the pps through the roof ... but that's just my opinion ... btw, this assumes the warrants are legal and will be exercised ... many don't think so, but I do ... I'm holding 100K common and would LOVE to be wrong ... cheers