Replies to post #612628 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Great

I have seen that 126B number

reality says do the math - something IMO like the below ??

the amount paid by F and F to Treasury - is say 320B - the amount I count as put in (from Treasury $$) 180B

So there is a 140B excess

I assume the dividend on 180B a year @ 10% for a bunch of years is most of the money paid by F and F to Treasury

I guess that to be `130-150B or so and that leaves 30B

super super lazy math

126B is a mystery to me - other than it is used a lot of places - but a mystery once I do any broad guessed math at all

[Wise Man]

Advocate David Thompson? Berkowitz's lawyer that wanted to negotiate with the Govt using the shareholders as a means of payments and get a swap Preferreds for Commons. The Govt gets the warrant or SPS for Commons.
A JPS holder isn't a shareholder and can't negotiate. They have a simple contract with FnF.
"The Govt has to come to me", he said shamelessly in the conference call with the other conspirator Pagliara.
A charlatan.