Fannie Mae-No Politics (FNMA)

[bradford86]

Whatever you think fully capitalized market cap is —- subtract from that the difference of capital requirements and how much capital they have now. That would be how much leftover value there would be if the companies were to raise that money. Compare that to the spspa liquidation preference

You quickly begin to see how the government can absolutely take over these capital structures and take all the existing commons in a restructuring to raise new third party capital

Like 99% plus dilution is not impossible

When i hear someone owns common shares i just think that they do not understand how enormous this spspa is and how a restructuring of an undercapitalized company works. Good luck, but owning commons is a fools paradise