Fannie Mae-No Politics (FNMA)

[Sogo]

"Reincorporated"? Implies current "corporation" disappears, and new shareholders form the new corporation. I HOPE i'm wrong!!
But I posted on the same issue a couple of days ago, trying to parse the language we're hearing about restructuring, etc.

It occurred to me that even though a restructuring and/or reincorporation doesn't necessarily HAVE to screw the CURRENT common shareholders, the fact that current common shareholders have been so incredibly toyed-with, and so incredibly mistreated by frankly illegal actions, and they've continued to allow commons to trade in order to NOT force the GSEs' liabilities onto the US gvt's balance sheet, I think the likelihood is that current common shareholders will get screwed to some degree. I mean, allowing the shares to continue to trade after the '08 and '12 actions against the GSEs is/was, I fear, something that boils down to concern for the US gvt's balance sheet AS WELL as an effort to punish the shareholders. Yes, punish, because the GSEs were so much maligned by so many power brokers in DC for so long (decades). I think forcing them off NYSE and onto the pink sheets and letting them trade there is just rubbing their noses in it, or piling on. I think there seems to be actual hatred of current common shareholders amongst most power brokers, as well as the fact that the current common shareholders literally are standing in the way of the TBTF making more money.