Fannie Mae-No Politics (FNMA)

[Donotunderstand]

WTS yes (I agree)
SP deemed paid off (My biggest wish)
What do you mean by conversion ? ?
How do JPS do ? (50 dollars cash or 50 dollars in a temporary equity value?)
How do commons do if one assumes not added shares and "we" simply wait for capital to grow "organically" ?
(WT use is cash to Treasury not company in all my visions)

I would think you are using a low PE to get to 6-9 if there are 5B shares total ? (Why add common shares via conversion of JPS?)