Fannie Mae-No Politics (FNMA)

[Lajrchamp]

FnF are already in bankruptcy. They are trying to get out of it, and the only ways are either receivership (highly unlikely, in my opinion) or recapitalization (which is a form of restructuring, in which placement in the capital stack is of extreme importance).

I meant bankruptcy as in chapter 7, with a complete wiping out of common shares. So I guess that would be receivership. Sorry I didn't clarify.