Fannie Mae-No Politics (FNMA)

[Louie_Louie]

You're missing quite a few steps and chronologically important steps, post and pre release. You seem to think this happens in a vacuum? AIG and GM are no where near the amount of capital required for the GSE's, so apples and oranges. I also live in Michigan where GM is called government motors and has recently lost their top spot to Toyota, imagine that.... Chrysler was another badly done government bailout.

The GSE's are in a totally different situation to AIG and worlds apart from what GM's was. We went through this years ago on the board. People with fruit salad (apples and oranges) comparisons. I posted a lengthy comparison of AIG/GSE differences long ago and am not going to do it again. If you can't see those major differences, then ask a friend, but please stop comparing this to "other" past re-orgs. Number one, it's conservatorship, where part of that definition is that the conservator assumes shareholders rights and priveleges temporarily, until such time they are reinstated. A very, very, very big legal difference in terms of chapter 11 and conservatorship. These facts must be taken into consideration when they decide what they are going to do, and can't be ignored legally.