Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks to Director Calabria, Secretary McNuchin and POTUS! Time for grand settlement and bring home $ 150 bn to US Taxpayer. BO wanted to wind down for $0.

1. FHFA merges FNMA and FMCC under consent decree on 1/1/21. Release, recap and restructure combining FNMA and FMCC operations over 3 year period

2. Settle shareholder suit derivative action by returning 31% of warrants to GSES. Common get 51% and UST get 49%. Combined Enterprise Value is $ 300 bn now - $ 150 bn win for US Taxpayer - Commons start out with EV of $150 bn before cap raise

3. JPS converts to common at par plus accrued dividends - $ 50 to $55 bn of new equity - part of JPS Direct Claim settlement after SCOTUS ruling.

4. Start public offerings of capital. Common, new JPS preferred, COCO debt and sub debt.

Winning, Winning and Winning while upholding the Rule of Law.