Fannie Mae-No Politics (FNMA)

[GAK-]

I'm afraid you assumed wrong. I actually agree with you that the CS litigants will favorable welcome direct claim rewards of offered in a settlement, which would clear the litigation hurdle.

The questions I have relate to the possibility of raising outside capital while C-ship and liquidation preference still remain. The dividend on the Liq Pref is going to kill earnings power, even if they pay down $70B each through capital raises