Fannie Mae-No Politics (FNMA)

[familymang]

What if the court simply gives the choice to the government... Trump's treasury laid out 2 options, write down the snr pfds or convert it to common. Since he isn't in charge anymore the court may give Biden's treasury the choice which direction they want to go in. This is a very real risk reflected in the share price of the common today. If you choose to ignore that risk that's up to you. But the fact that Collin's plaintiffs are OK with the conversion scenario and highlight that it will restore value to shareholders shows you they won't fight that outcome.