Fannie Mae-No Politics (FNMA)

[Guido2]

We can estimate their earnings. At this point we can't reasonably estimate how the profits get divvied up. Some important questions before we get there:

How much is Treasury forced to return to the corporations?
What happens to SPS?
What happens to the warrants?
What is Calabria's final rule?
Do the unamortized G-fees get on the balance sheet where they belong?
Do the higher coupon JPS get replaced by lower coupon jps?

If the SCOTUS decides that the USA is not a banana republic, I would estimate the quarterly dividend to be between 50 cents and 2 dollars.