Fannie Mae-No Politics (FNMA)

[big-yank]

All the litigation you apparently cherish is being principally driven by a fund manager that wants to do exactly what you complain the Federal government wanted to do. The US "dismantle" FnF initiative is presently frozen by gridlock in DC. Berkowitz's "dismantle" initiative may become fully enabled by the very court cases many of you are praying he will win.

http://seekingalpha.com/article/1838482-is-fannie-maes-insurance-business-being-bought-by-bruce-berkowitz-and-other-investors

Be careful what you wish for. There is more than one way to skin a cat, and there is more than one way to shut down Fannie and turn it into something entirely different. Such a deal structured to reward only "preferreds" could close out common shareholder's positions and wipe out their equity, IMHO.