Fannie Mae (FNMA)

[brandemarcus]

1. Well just from the words of Paulson, the board was told by him that the shareholders would be better off in conservatorship then bankruptcy.

2. Paulson was also told that there were legal problems with bankruptcy at that time. Fyi- the bankruptcy of Lehman is still being litigated.

3. The pfd shares are always by definition at the back of line -just ahead of common. Why is this so hard for you to understand? They are equity -not creditors.

4. I can't imagine a bankruptcy where all creditors are given 100 cents on the dollar. One other group of equity are given 200 cents on the dollar and the next equity the jr pfd are given 0 cents on the dollar even though they
are in the same type of instrument. I think Bankruptcy judge would find that quite unusual!

5. Explain the difference in substance(not form!) between a wind down and a liquidation. How will it differ in substance by 2018?

6. Most plaintiffs, don't have a problem with the law -Hera. They have a problem with the implementation of that law. It seems to me to be a giant waste of time.