Fannie Mae-No Politics (FNMA)

[LuLeVan]

A new layer of 1st loss capital which comes in through the capital raise actually REDUCES the risk for the taxpayer. The fact that the government will get up to $100 billion for itself (approx. up to $80 billion by warrant execution or approx. $100 billion by SPS to common conversion) does not change this. JPS will probably be converted into new commons.

Sooo, they're going to make massive amounts and pay off jps by putting the companies, home buyers and taxpayers at greater risk?