Fannie Mae-No Politics (FNMA)

[401kobessive]

I have not done the math, but I would suspect that the settlements from the banks would more than cover the original loan to Fannie. So now we are talking about the illegal takings of the profit sweep. The lawsuits are not going after just a release of FNMA. They want the profits back. What was it first few quarters 60 billion profit? That alone divided by the share structure of 1.2 billion outstanding is 50 bucks per share. If that occurs, then we can start talking about the real value of the stock. I think some here have their sights aimed low. Liabilities on the books of a bank are different from a regular company. A bank with no liabilities is worthless. Liabilities are pipeline profits. The key is the loans performing so that the pipeline stays full. 4 Trillion is a big number. Enough profit in that to carry shareholders a nice divy for years to come.