Freddie Mac-No Politics (FMCC)

[prokopton]

$4.7 billion in 75 days

My math was a bit off in the previous post.

FNMA common shares: 1.11 billion

March 13 market cap.: $.30 x 1.11 billion = $330,000,000

May 29 market cap.: $4.65 x 1.11 billion = $5.18 billion.

In 75 days $4.7 billion have been poured into FNMA's common shares alone. This does NOT include the billions poured into the junior preferred shares by the hedge funds.

The market is forward looking. This doesn't look like only retail buying to me. We'll have to wait for the next 10Q to find out.

In the meantime, let's enjoy the ride...