Fannie Mae-No Politics (FNMA)

[big-yank]

Common/Preferred shareholders need to decide their interest or passivity towards their eventual fate after years of waiting.

Will their future be a solid, long term profitable position in Fannie & Freddie equities that grow and pay dividends for years to come. Or. Will it be a big, fat goose-egg while the litigant cabal takes all the goods for litigants only, spinning the Twins and their shareholders into oblivion, taking the housing market with it. Or. Will it be an end run where common equity gets the table scraps in a wind down, preferred equity gets bought off at par and has no stake in the future. Or. Will the ancillary part of the latter outcome also include a whole new class of non-bank-based investors buying a new class of equity that takes control of the housing market in an altogether new form of of real estate Monopoly, replete with get out of jail free cards?

Cockroaches absolutely hate it when someone turns on the kitchen light in the middle of their midnight feast.

JMHO.