Fannie Mae-No Politics (FNMA)

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This is a quote from "neo" on the google groups board. This guy absolutely nails it in my opinion.

"Looks to me as if the plan is a ploy to bait hedgies in preferred shares to drop their suits - use all the court losses & the lack of remaining suits as ammo to raid the common shares & write legislation which benefits banks at the expense of FnF & common shareholders... time will tell

The Courts have failed in the big picture goal...knowledgeable brave judges could have forced legislators to do put things right in most repects, but their lack of financial expertise and willingness to call out corruption will be devastating to commomers if warrants go through & pieces of company are legislated away"