Fannie Mae-No Politics (FNMA)

[Guido2]

I concur that the preferreds were harmed by the Treasury's Net Worth Swindle. But their fight should be with the Treasury, not the commons. Judge Sweeney by accepting the derivative claims and rejecting the direct claims has laid out the road map for a resolution. This involves the Treasury returning the overpayments. $116 billion by my calculation; $124 billion by hers. Once the dividends are restored, preferred will automatically get around par.