Fannie Mae (FNMA)

[kthomp19]

I can't believe the mental gymnastics required to justify owning FNMA over FMCC here. There is absolutely no reason not to switch over at this point.

The chances of FNMA holders eventually getting a court-ordered damages award are strictly less than that of FMCC holders getting one. If the plaintiffs win Lamberth's case and get money for FMCC holders, FNMA holders can try to file their own lawsuit but that has no guarantee of success at all.

Winning Lamberth's case does nothing to help the companies. In fact, it hurts the companies because they will have to pay out cash, meaning any capital raise they have to do later would be larger than without the damages award. The seniors, warrants, SPSPAs, conservatorships, and even the modified NWS would continue to exist in their current form. So arguments that FNMA holders would somehow indirectly benefit from a FMCC damages award are just plain wrong.