Fannie Mae-No Politics (FNMA)

[Donotunderstand]

#2 -- extremely well laid out

indeed idea of trading the Senior Paper for a future stream of income is super interesting . Set at some $$ amount --- or set (??) at say 15% -20% of future profit for 20 years

very very very interesting

and yes 100B is what GOV can get IMO - so why not go direct to WTS - sell at 20-25 and kill off the SP entirely or reduce it to some lower leverl future cash payment obligation which then reduces the 20-25 to maybe 15-20 as the future cash flow (discounted to present value !!!) takes away from the value -- current price - of what they can sell shares for if capped at 5B and no drain on cash

lots of ways to get to 100B

The Bradford way - of divide our 1B and GOV 4B by 200 is IMO not one that the GOV will do

They will be in court for two decades with many suing that they were paid twice