Fannie Mae-No Politics (FNMA)

[jog49]

I think there will be a settlement; not necessarily to take care of the present lawsuits but to prevent future lawsuits. The government has to take care of the dead period (2012 - Present) where shareholders' rights have been completely usurped and all profits confiscated without due process. It was, no matter how described, a nationalization of publically owned corporations and highly illegal.
I think they will calculate what would have been dividend payments with F&F's profitability during the mentioned period (20 quarters so far) and pay shareholders of record. It will probably be in the neighborhood of dividends being paid by F&F before all this immaculate takeover began by Paulson and his cronies.
The money advanced to F&F, with reasonable interest, will be considered repaid and the excess collected returned, to include the TBTF bank settlements with FHFA and Treasury. That sum represents recapitalization.
The warrants will be recognized for what they were (collateral in case of default) and will be voided in the process of the dropping of conservatorship.
What we won't get (but I can wish) is prosecution of those involved who caused this crisis for want of greed. I would love to see Hank Paulson and his buddies rot their miserable lives away in a forgotten prison in the boondocks.