Fannie Mae (FNMA)

[FOFreddie]

Hi Holden - Thank you for your continued involvement in disseminating information to others. While some have issues regarding the JPS - Common tradeoffs it will not be up to you or most likely anyone on the Board on how this tradeoff will be decided.

Regarding the Wedbush price target - it seems clear to me that is documents damages for a Takings judgement in the Court of Federal Claims. Only US Government Action can make the price of FMCC worth $0.

It is also curious that Wedbush is a LA based brokerage firm. The same City that the Growth Fund of America is located. It is close to the PIMCO offices in Orange County, the location of the some of the large MBS investors hedge fund owners of the JPA and the residence of the Secretary of the Treasury. Probably a close enough business community where true motives might me known?