Fannie Mae-No Politics (FNMA)

[Louie_Louie]

You're incorrectly (wrong) assuming government will create far too many commons because of a need for capitalizing. When the new rule finally gets here, and with the stress tests,..... boom - no need for anymore commons other than government wanting enough to assure control of voting, so 51%, that would mean legacy holders would jump to owning, 49%, where we only own 20% now, so boom commons price, and capital. The first thing government will do while owning their majority is staff more government appointees and cancel ALL dividends for all shareholders until further notice, except for probably a 6% or so dividends they will cut for their shares if a special class A or B, C etc. Eventually they sell the shares back to the company over a few years, when issued, the government shares will have a capped buy back price. Eventually the commons go back to 100% of their value and probably none or very few new shares needed at all once government is fully out. This can all be done as a release or consent decree. My thesis, and you heard here first. Again, you may ask why that could happen? Again, because they can!