Fannie Mae-No Politics (FNMA)

[Rodney5]

Again, the Treasury’s liquidation preference is greater than the Net Worth of the business. That means the company doesn’t have enough money to pay off the Treasury! Therefore there is no money to pay the JPS! GET IT ?

Listen!

familymang, Please read what you wrote.

Quote: “ Today UST's Fannie LP is $185b, JPS LP is $19b.
- Fannie is worth approx $175b today (17.5b net income x 10 P/E).” End of Quote

Treasury’s Liquidation Preference calculated value that you gave is more valuable RIGHT NOW than your calculated value of the entire business! Both JPS and Common are wiped out!

Between both companies the Senior Preferred Liquidation Preference at $290 billion and GROWING, NO MONEY LEFT FOR SHAREHOLDERS!