Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Not when all of that $3B goes to pay off the Sr. Preferreds in Receivership. Oops, did you forget about that?!?

Yeah, that's not going away. And since no one is fighting it in courts, the Sr. Preferreds stay. Looking very likely now with Collins done for and Fairholme next to get the axe. No one left to fight to get the Sr. Preferreds relinquished.

All eyes on Lamberth, and we know how he feels already. Any damages he awards to pre-conservatorship holders might get .15-.25 per share (the difference from where Commons were trading versus what strike price the warrants were issued at). If you bought after, You Get Nothing!!