Friday, December 09, 2016 6:52:59 AM
Those holding at prices before conservatorship don't look quite so rosy. Neither do the long term investors that bought shares in 2007 or earlier when Fannie traded in the $60's.
This is where the conservatorship injects another wrinkle in Fanniegate which is that shareholders don't get a vote in any settlement discussions unless they are a named party in all these litigations. You get what you get that is agreed to between government attorneys and plaintiff attorneys.
Sad to say it, but shareholder interests fare best if a court decides to rule in their favor on at least some of their complaints. If not, things go back into the dim light of some proverbial smoke filled room and eventually you get told if you win or lose. The waiting game is agonizing... like watching the Vatican chimney for white or black smoke signals when the cardinals are voting for a new Pope.
JMHO.
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