Fannie Mae-No Politics (FNMA)

[imtheshadow]

So the warrants MIGHT be illegal and that will prevent the gov't from exercising them??? Really??? The sweep and the cship MIGHT be illegal also and look where we are. Both the gov't and the TBTF banks desperately want FnF's $$$$$$$ - and they both have demonstrated beyond ANY doubt that they will do WHATEVER it takes to get as much of that $$$$$$$ as possible. Even a court victory on the sweep leaves the (possibly) illegal warrants in place. Finally, be careful what you wish for ... the warrants may be the only reason existing shareholders get anything. Remember, we want this to be a recap and release, not repeal (receivership) and replace ... cheers