Fannie Mae-No Politics (FNMA)

[Donotunderstand]

hhmm

assume ???

capital needed is cut in half by regulators as there is a Treasury back up anyway (or the amount needed in 5 years is 1/2 of some 15 year eventual goal)

so that is reduced big time

now

assume we get to that level from earnings - no SPO

now

why can it not be true that warrants that become shares and our shares all have a value of about 12-20 - as there is no further dilution?

Gov has 5B shares available by warrant (?? boy my memory is going) and there is 1B now - so 6B at 20B values the company at 120B total cap for a company that can earn 10B a year ?