Salute to you navycmdr,
Love your description of possible outcome. Sorry to have to put cold water on it. I am long FANNIES and suffering deep anxiety attacks. Why? Because truth, Justice, Logic, fair play, Rule of Law etc., don't apply when government and industry collude to perpetrate thuggery and racketeering.
I have long ago, turned cynical and jaded at our legal system. Although Mnuchin is presumed to be on the side of shareholders, he has a checkered record of malfeasance with both shareholders and property owners. I hope he pulls for us.
As far as the Courts go, the terms of the 'NWS' and the 'Conservatonship' are concerned. The legal jargon and mambo-jumbo is so convoluted and littered with clauses or phrases that give the Judges wide latitude to extinguish equity. Phrases such as 'may' could' 'shall' 'at discretion of' pollute the meaning of the contracts and open them for reverse logic decisions.
In conclusion, Fannies are a 'YUGE' gamble. One that is fraught with many, many pitfalls. It's not a slam dunk. Not for weak stomachs either
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