Fannie Mae-No Politics (FNMA)

[bcde]

"That's scary. In short, why would they need to settle the lawsuits at all when they can simply wipe everyone out and start a new company. Any real assets go with the new company so when we do win the lawsuits there's nothing left to split. Sounds pretty scary to me."

It will be almost impossible impose receivership at this stage with
1. favorable 5th circuit ruling
2. FnF are highly profitable and healthy with very high quality assets
3. It is impossible to predict the effect of receivership and winding down all the FnF security contracts. This is main reason why thieves could not wind down fnf in last 11 years.
4. Receivership may wipe out shareholders but not the lawsuits. There will be more lawsuits. With 5th circuit ruling JPS and CS holders can get back substantial money as SPS will be wiped out.

The very best solution is to cancel SPSPA retroactively and come with a revised SPSPA that is compliant with all the laws and contracts.