Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I don't see the immediate recap happening until the litigation ends. MC seemed to think, "the litigation can go away.". But can the federal government, in a partnership that requires NEW PRIVATE CAPITAL IN A 1ST LOSS POSITION, really anticipate in good faith that sophisticated institutional investors will rush in after OVER 13 YEARS OF THE FEDERAL GOVERNMENT ABOLISHING PRIVATE SHAREHOLDERS RIGHTS?

I think we would have been treated better by the CCP than the US GOVERNMENT!

Perhaps the financial advisors told MC, "The only way new institutional money is going to come in is to remove any shadow of a doubt as to capital adequacy and therefore you need to jack up the capital requirements AS HIGH AS POSSIBLE!"