Fannie Mae-No Politics (FNMA)

[imtheshadow]

I agree with everyone that r-ship is unlikely, as law suits would likely continue for a very long time, however, depending on how badly the decision makers want to hurt us and/or reward TBTF banks, they could definitely use the threat of rship, and public perception, to totally crush us in a settlement.

FWIW, in a rship, all liabilities AND assets go to the new owners, so assuming the gov't doesn't own more than 80% of the new entity (which seems very unlikely), the liabilities do not show up on the gov't book.

Again, I don't think rship will happen, but I do think the threat of it is a very potent weapon.

I really hope there is some good stuff in those 11 docs ...