Replies to post #772692 on Fannie Mae-No Politics (FNMA)

[LuLeVan]

Not true. Commons are the main source of recapitalization, even when diluted to 1 cent. The sheer number of them adds up to about $100 billion in pre-SPO shares.

This includes the commons from the (most likely) SPS and JPS conversions.

JPS adds 33B to capital while commons on the other hand offer $zero to recapitalization

[Louie_Louie]

Show us current accounting that proves 33B is part of the current capital quoted (the 110B retained).
Ya can't, because government is not recognizing your jps equity. Even when released JPS equity will only be whatever JPS prices add up to total, and that's gonna be far short of 33 billion, like it is now. Show me, based an actual real prices NOW, what the value of JPS is....it's not 33 billion,,agian. No one would walk in right now from the market and offer 33 billion for all the JPS outstanding. Your presumptions are just that, you presume, but disregard real time facts.