Fannie Mae-No Politics (FNMA)

[mrfence]

There is no recap and release plan. First comes the capital rule then comes the release under consent decree. Common share owners of the company will determine how to meet the capital rule. Recap and release is the alternative preferred holders fantasy to the court clown shoe show. Preferred issued shares are no longer relevant now or later under any analysis. Since the capital raised to meet the rule just sits in the bank, the equity value of the companies owned by common shareholders simply increases. Once the capital rule is met then preffered's may finally see a little return. We'll see the proposed capital rule in a manner of weeks. In the meantime, Court's in session. If yah decide to sell out at a PE ratio of 3 that's your prerogative but very short sited to leave an additional 1,000% gain from there on the table without even knowing the capital to be raised and the time to raise it IMO