Fannie Mae-No Politics (FNMA)

[Guido2]

Nothing happens until SPS are zeroed out and the bogus accumulated deficit removed. Conversion is done at book value not at market price. Those who want market price should do it on their own as you have been recommending for several years now.

Currently, FNMA book value without SPS is $33, FMCC $34. Return of $30 billion in credits will increase FNMA to $40. FMCC to $57. Each year of retained earnings will add about $13 to FNMA book value. $12 to FMCC.

After SCOTUS, both FNMA & FMCC will be valued like other corporations - book value plus earnings per share.