Fannie Mae-No Politics (FNMA)

[sortman]

No, the gov maximize it’s take by increasing the % owned. Once the twins are released, and warrants and Senior Gov debt has been taken care of, the estimated enterprise value would be between $250 - $300 Billion. In order to achieve $100 Billion payout they need to own between 30 - 35% of the enterprise, after the public raise. Additionally, the jps, by contract, is due $35-$50 Billion or around 14%. So 45 - 50% is spoken for leaving 45 - 50% for raising needed capital and the current shareholders get squeezed. So common shareholders want to wait as long as possible to build earned equity, the gov. wants private equity as a buffer ASAP, and does not want a jury trial. Next 4 months will be interesting.