Fannie Mae-No Politics (FNMA)

[Guido2]

The plaintiffs, from reading their filings, are mostly smart investors. If government returns the sweep money requested by Rop, FnF will be fully capitalized. They'll have:

$34 billion (current equity) + $124 billion (illegal sweep) + $90 billion (unamortized G-fees) = $248 billion in CET1 capital. +$33 billion (jps) = $281 billion total capital.

Jps and common dividend will resume immediately. Jps will reach par or slightly higher. Or with the extra capital, they could just be redeemed.

For commons, I'll defer to Patswil.

You'll notice that none of the plaintiffs, who are smart investors, have asked for conversion?