Replies to post #28897 on Fannie Mae (FNMA)

[obiterdictum]

FNMA Senior preferred stock, 1,000,000 shares issued and outstanding. FAIR VALUE 1,000 DOLLARS FOR EACH SHARES.

Yes. Correct number of shares. However, current value is much different and is not 1 billion. The SPS value is currently posted as 117.1 billion.

FNMA junior Preferred stock, 700,000,000 shares are authorized 555,374,922 shares issued and outstanding, respectively

Yes. As written.

FNMA Common stock, no maximum authorization—1,308,762,703 shares issued, respectively, 1,158,077,970 shares outstanding, respectively

Yes, As written. However the total restricted stock (FNMA treasury stock) in Fannie Mae is 150,684,733 shares.

In 2007-2008, if I remember correctly, about 95 percent of the outstanding shares were held by institutional investors and mutual fund portfolios.

Why do you think the instituitional and mutual fund holders is miniscule today at about 1.08% of the outstanding shares?

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