In late-May the Federal Housing Finance Agency suggested Fannie Mae (FNME) retain billions of dollars to guard against potential losses. Equity Research Analyst, Henry Coffey set a price target of $0 for the company, because recapitalization could leave little value for shareholders. He also believes Treasury warrants on 80% of FNME stock threaten any accruing value.

For more of Henry Coffey’s comments as featured by Bloomberg, view the full article.