Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Not at all. Publicly traded companies can dilute at will. They can take on more debt. They can go bankrupt and extinguish all existing common shareholders and convert their debt into new commons.

You have to get your head around the fact that any exit from conservatorship within the next 20+ years will look like a Chapter 11 Reorganization. Conversion (or write down) is the best thing that could happen.....or else you'll be looking at this message board for decades to come.