Fannie Mae-No Politics (FNMA)

[bcde]

"The result, Phillips said, is an unusual circumstance where there are both historic shareholders who suffered catastrophic losses when the companies failed, and opportunistic investors who purchased the stocks at pennies on the dollar in the hopes of a windfall when the companies emerge from conservatorship."

One needs to be aware of bait and switch plots of these wall street traders. The paragraph really provides insight in to sinister minds of these traders. FnF never failed and still Craig talks of failure. Craig never talks about lawless mob Conservatorship even when judges are using this phrase to describe lawless conservatorship.

"This complex mix — historic shareholders and speculators; common, junior preferred and senior preferred stocks; Treasury’s ownership of senior preferred stocks and warrants on the commons; and finally, multiple litigants fighting it out in court —makes any recap and release of Fannie and Freddie daunting."

These traders talk of everything other than rule of law. If FHFA and UST follow fair fair rule of law and fair interpretation of HERA then the solution is very simple. Currently there is not a single reason to continue conservatorship or NWS.

FHFA should immediately end NWS and release FnF keeping necessary controls through agreement. Then reset SPS to 0 and let FnF buy back warrants. Next, shareholder selected FnF BOD/CEO and shareholder should decide on how to manage the companies and comply with laws and regulations. Let courts decide on lawsuits.