Fannie Mae-No Politics (FNMA)

[Donotunderstand]

In my hoped for scenario

Obligation - settlement kills it for 300B paid

Capital level for Fannie - cut in half - to leave conservatorship (and then we need Congress but we do not need to leave IMO IMO to get solid PPS)

Achieve - or will achieve - that capital level via earnings --- no dividends to any shareholder - us JPS or GOV

GOV still has all of their warrants - all of them

GOV exercises all of them

Now it has 4.x B shares

That plus US (1.1 or whatever) are it --- no SPO

5B shares

OK

5B in earnings - ? - reasonable ?

So $1 a share with 5B shares

Price per share 10-14

10B in earnings and the math is 20-28

In this scenario - a wish - GOV gets access to 40-50B in 6 months if it wants and does this
Money raised is for Bernie Sanders types to help WORKING POOR - but its a pile of money that puts those losses outside our profit
GOV to drop the SPS or LP --- says its gone but we keep all warrants
We say - happy thank you
GOV has 80% we have 20%
But all shares must have same PPS which is somewhere from 8-32 or whatever based on earnings - no dividends - and 5B shares (with 5B shares all WT created shares are gone -- owned by GOV and IMO sold 1B a year for 4 years to raise money dedicated to the social purpose of FNMA

Note - this is part me - and a large part from an article posted here say a year ago ---- on how GOV can have its cake and eat it too

seems so simple to me --- but KT and others will explain how it can not happen I am sure

But if GOV can steal us for 12 years - the above is doable
And in year three or so - with capital raised - Fannie starts to pay dividends on its JPS .... and they move to PAR