Fannie Mae (FNMA)

[Double Black Diamond]

Thank you, Kthomp….I just worked out the numbers on Fannie, re $12B earnings divided by 127B shares…..works out to earnings per share of $0.094. With a PE of 15, that’s about $1.41 market value per share of common. Not to far from where we are right now. So, at least we know the worst case scenario, we are in it right now. We are at the bottom of the barrel, looking up. So any better outcome that may turn out can only be an improvement in the outlook.

A good reason to stay positive.