Fannie Mae-No Politics (FNMA)

[Guido2]

TINA!

The economy needs the corporations to survive. Their health is robust when we examine last eight years income statements. Although I generally disagree with a couple posters here, they repeatedly have raised a very valid point: the conservator owes fiduciary responsibility to the corporations and not to the shareholders.

The 10% interest rate was not an act of fiduciary responsibility.
Giving away 80% of $500,000,000,000 for less than $80,000 was a criminal act.
The NWS is obviously a swindle.

There can be no settlement without a return of the funds. Judge Sweeney has suggested $124 billion.

I don't expect cash disbursements to the plaintiffs, except for reimbursements of legal fees. I expect preferreds to trade at par and higher coupons to trade a little over par. Commons would easily exceed $100.