Fannie Mae-No Politics (FNMA)

[Donotunderstand]

And -- with far less knowledge I say

There is dilution

There is DILUTION -- e.g. Senior Paper converted to common

There is CRAZY DILUTION -- e.g. the above plus an SPO and WTS


but dilution by WTS alone - given the profit per share F and F are now earning is something that is very manageable as the PPS will be double digit