Fannie Mae-No Politics (FNMA)

[imtheshadow]

Devils advocate ... re Delaware, P's say the 100% dividend that UST gets can't be in relation to the 0% dividend that the other classes get, because you can't have something in relation to nothing. First, I'm not sure that logic holds even in the lay persons world - and, after seeing the rationale of many decisions against P's, I could easily see a court saying "100% (everything) IS in relation to 0% (nothing)" - and I don't remember reading anything that said the relative position of the dividends has to be fair. Yes, that may seem nonsensical to us, but almost everything the courts have done so far seem nonsensical. 50K pre-cship shs long and hoping that this country has not lost all common sense.