Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

You're not factoring in the massive dilution that's set to occur. You're also not factoring in the Treasury owns 79.9%.

So your $60 number gets cut to $12 just based on the Warrants. Now factor in ~$100B in newly issued Common shares.

I imagine FNMA will end up around $4-6 which is what I've long stated.

And don't forget, some JPS are $50 and there's even a Super Secret one that's $100,000