Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Accumulated net worth (capital requirements) would be a factor, which should translate into a higher than usual p/e multiple.

You're asking a question that depends on the re-org scenario which involve legalities I'm not going to venture into on this board. Treasury holds all the cards....they can either take it all with the messy route...wiping out JPS and Commons...or they can give up a little and avoid any material litigation.