Fannie Mae-No Politics (FNMA)

[big-yank]

So... you think that Berkowitz, Perry, Pagliara and poor Glen Bradford whom all are focused on preferred stock are morons that will get nothing, but the common shareholders are going to get some immediate payday in a S/P of $20 or more? How do the guys doing all the lawyer funding and trench warfare ever see a payday? Under most release strategies should Perry or Sweeney decisions favor litigants, all I keep hearing is that all money goes for recap and preferred shares get screwed.

I think that scenario is total horsecrap, but please help me understand why any of the key players would remain active Fannie pfd proponents if the share price will be mired in the near worthless purgatory of a recap that could span 5 years more before jpd's get restored.