Capital level for Fannie - cut in half - to leave conservatorship (and then we need Congress but we do not need to leave IMO IMO to get solid PPS)
Achieve - or will achieve - that capital level via earnings --- no dividends to any shareholder - us JPS or GOV
GOV still has all of their warrants - all of them
GOV exercises all of them
Now it has 4.x B shares
That plus US (1.1 or whatever) are it --- no SPO
5B shares
OK
5B in earnings - ? - reasonable ?
So $1 a share with 5B shares
Price per share 10-14
10B in earnings and the math is 20-28
In this scenario - a wish - GOV gets access to 40-50B in 6 months if it wants and does this Money raised is for Bernie Sanders types to help WORKING POOR - but its a pile of money that puts those losses outside our profit GOV to drop the SPS or LP --- says its gone but we keep all warrants We say - happy thank you GOV has 80% we have 20% But all shares must have same PPS which is somewhere from 8-32 or whatever based on earnings - no dividends - and 5B shares (with 5B shares all WT created shares are gone -- owned by GOV and IMO sold 1B a year for 4 years to raise money dedicated to the social purpose of FNMA
Note - this is part me - and a large part from an article posted here say a year ago ---- on how GOV can have its cake and eat it too
seems so simple to me --- but KT and others will explain how it can not happen I am sure
But if GOV can steal us for 12 years - the above is doable And in year three or so - with capital raised - Fannie starts to pay dividends on its JPS .... and they move to PAR
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