Fannie Mae-No Politics (FNMA)

[Potty]

Rek, your timeline is a whole lot longer than a settlement based one -- 2-5 years if going through courts, and appeals, process? One reason to take some profits now and again, trade around a little.

BK court has the cram-down option to enforce a settlement -- which explains why Obama administration used to in GM case to ram settlement through. (I bought GM pfd in that one and did okay given my entry point, but they screwed the bondholders royally with the cramdown...)

Interesting to think about how they can enforce a settlement -- I do see this government agreeing to one if they get certain things. But thanks for input...