Fannie Mae-No Politics (FNMA)

[cfljmljfl]

“ It’s unclear whether an administrative plan would benefit shareholders. Brooks’ recommendations closely mirrored the plan proposed by Watt in January for regulated utilities, the people said. However, Watt’s plan did not address shareholder claims directly.

A separate person said Brooks about a year ago pitched to some government officials an administrative plan to release Fannie from federal control that would have included putting the companies through a bankruptcy-like process. Such a move could have hurt shareholders. The plan never gained traction, the person said.”

Last paragraph interesting. Brook’s Plan to put into recievership gain no traction cause COULD HAVE hurt shareholders. Is there concern for shareholders ? Or just not for Whakes ?