Fannie Mae-No Politics (FNMA)

[Guido2]

They only have to settle with cases that haven't been dismissed.

The direct claims that are still alive are only asking for missed dividends (and possibly, legal expenses). Can't be much.

The derivative claims are asking for the swindled money to be returned to the corporations. $124 billion according to Judge Sweeney.

Warrants have to be cancelled. Or Fannie and Freddie should be allowed to buy them back at a nominal price. In awarding the warrants, FHFA considered 1,000 share for a dollar to be fair. If the warrants are exercised, there'll be more lawsuits, not less.

The Senior Preferred has to be considered paid off and Liquidation Preference cancelled. The derivative claims are in the driver's seat and don't have to accept less.

NOTE: Conversion of JPS doesn't have a seat at the table and should be ignored.