Fannie Mae-No Politics (FNMA)

[jeddiemack]

In the capital structure...

for commons to have value - real fair value - preferred would be at or near par value.

For commons. Pags said these two should now earn 30B between them if operated properly.

Says market cap ought to be 300B at 15pe.

Less 33 Bill Preferred

is 270Billion market

There are 2Billion common

So that's 135 a share

if the gov does the warrants

thats 10bill shares so value

is 27.

So that would be a taking of 220Billion

I'd use my 27 to sue for the 108 stolen.

Cheers.