Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I'm sure that large institutional holders who are trimming or liquidating their positions aren't doing it quickly but incrementally. It just seems to me that daily trading volume has been elevated for some time now.

Let's see, at $1/share I think Freddie has 620M shares outstanding multiplied by 5 (if you include the warrants) equals 3.1B outstanding shares. If normalized earnings are $10B to $12B/year, that would equal $3 to $4/share in EPS.