Fannie Mae-No Politics (FNMA)

[Louie_Louie]

Call FHFA and tell them you demand your fulcrum security be recognized and given par (before release? After release?) YOU decide which, I gurantee you will be laughed at.

You're capital structure DOES NOT MATTER RIGHT NOW! Only in bankruptcy or dividend pay out.

The recap will happen...yes, but not until lots of other things are cleared up.
The courts CAN NOT FASCILITATE a stock/preffered offering for recap
The lawyers CAN NOT FASCILITATE a stock/preffered offering for recap

Now ask yourself...Is it smart for government to go gung-ho exercising seniors, warrants to suck much needed capital out of two places who support like 17% of the economy via housing? Does government want them back in conservatorship a year or two later because they got greedy? Smart folks would say no, make sure they are very stable. You don't make a company stable by ruining share price and investor confidence or by stealing blindly from them.

The companies CAN FASCILITATE a stock/preffered offering...once released.

It is highly more likely, if the companies were wronged, then a derivative award to the companies, which will add to their cap stash.

The courts are gonna try their damdest to avoid any direct claim to shareholders period. They've shown this already.

You are placing a very big bet on Lamberth...what's plan B? His court meets in July. So you will not get any decision until 6 months or more after that. Then what about appeals? Or who knows what. By the time you have a final outcome in Lamberth's court it will be 1.5 to 2 years from now. Gse's are retaining about 20 billion per year. Currently about 70 billion. By then approx 110 billion and possibly a derivative based court award of the overpayment. So, how much is that capital structure gonna matter when it counts, at release?