Fannie Mae-No Politics (FNMA)

[Ace Trader]

Then I would agree with your outine that converting the SPS to common would be a credit to Capital. Commons would end up with 5% where JPS would end up with 14% of the companies?

Write off of the warrants and conversion of the SPS then commons would see $4 ? and JPS 70% par ? with release ! I'd take that just to get the dividends turned back on and back to private ownership !