Fannie Mae-No Politics (FNMA)

[Donotunderstand]

The government countered that the plaintiffs suffered no harm. At the time AIG directors agreed to accept the $85 million loan in return for allowing the government to take a 79.9% stake in the company, all involved in the transaction agreed that the loan was preferable to bankruptcy, Justice Department attorney Kenneth Dintzer told Judge Wheeler


basic knitting at this point - IMO

if the Judge (who makes the decisions in our system) believes the above - that the ONLY other action possible in this universe with our sun was CH11 then Greenberg is dead

if the Judge is not convinced or ? -- it will get interesting

And I do not know if during the trial there was good information on was it so far gone - where there other offers

but
if 30 minutes later a ch11 or a ch7 was next - and it was 99% likely to wipe out all equity

then Starr loses - if that is how the judge views the timing and need for the GOV action

i.e. the GOV action is ONLY reasonable if it is for fact the only offer on the table - a table about to self implode and burn up in one second