Fannie Mae-No Politics (FNMA)

[DaJester]

Your math doesn't math well for me. You are saying the JPS holders should be granted 96.6% of the value of the company (33B/34.158B shares) prior to warrants being exercised? Why? The commons held the bulk of the value pre-conservatorship and to just wave a wand to redistribute the ratio doesn't sit well with anyone other than JPS holders.

And 22 P/E ratio? Where did that come from? Prior to conservatorship it hovered more around 12 if memory serves.

Good job on doing the calculations I guess. I just think your assumptions are way off. The only part of this I agree with is to cancel the SPS. :)