Fannie Mae-No Politics (FNMA)

[imtheshadow]

If capital goes to zero and then they need a draw, the gov't could declare the companies insolvent again and move to receivership. Of course, that should wipe out all shareholders, making the warrants worthless as well. So if the NWS has not been stopped and the gov't is satisfied with how much they swept, they could declare r-ship and recapitalize with brand new shareholder (TBTF banks?) who would get the deal of a life time.

Not saying that will happen, but if the NWS can't be stopped some how, it'g going to get dicey.