Fannie Mae-No Politics (FNMA)

[Wise Man]

Only the penalty for Punitive damages,is worth $1.94 per common stock, as they match the amount for a $50 par value JPS. And it's been requested 3 rounds:
-Settlement of the 7 Securities Law violations.
-Deferred Income accounting if it's changed.
-Against the plotters writing in formal documents: Books, articles, court briefs, financial analyses, GSE slides, letters, etc.
With some caveats, because the commons waive the 2 claims against the DOJ in a Takeover or "as is" scenarios, not in a Takings at BVPS.
A $50 par value JPS is the closest fair value in a security issued by FnF, that can be better assessed the dollar amount with criterion, as its fair value all along is straight forward: 6% discount rate to par value, fetched upon dividend resumption (Therefore, the Common Equity has to be built first).
A 0.5% rate (equal to the spread earned by the UST with the SPS) on the true damage: spread market price versus fair value. The average is half a JPS exactly.
Therefore, a 0.25% IRR on a JPS par value, during 15 years.