Fannie Mae-No Politics (FNMA)

[Rodney5]

familymang, gave you the calculation!

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 he gave is more valuable RIGHT NOW than the calculated value of the entire business! Both JPS and Common are wiped out!

Unless the Treasury writes down the LP and cancels the SPS your JPS and my common stock are history.

Again, kindly explain to me why the Treasury would voluntarily take a so called haircut saving the JPS and cram down the common into oblivion??