Fannie Mae-No Politics (FNMA)

[FOFreddie]

Exactly right imbellish - mid 60's - hope that conservatorship ends before I am 70. I think the real money will be made once all the common is sold to the public and the market cap index funds and institutional trackers move to overweight FNMA and FMCC. Maybe start out with a PE of 8 to 12 and transition to a PE of 12 to 15. My guess is that guys like Kthomp want a conversion with a low common price and that is why they keep pounding common valuation scenarios.