Fannie Mae-No Politics (FNMA)

[Louie_Louie]

You're still not understanding it's the courts job to rule on law, not to run a massive company via a conversion ask (risk) in a law suit. You don't understand they will never put the government, treasury and FHFA in a position of converting prefs to commons since there is absolutely nothing in the law that says that has to happen and the massive problems it creates. Courts are justifying FHFA and treasury's running of the conservatorship by ruling on law (albeit very stretched biased rulings), but if any settlement comes about, it will be one that affects the companies positive outcome for all, not just jps, not just commons. There is 5 billion for any law suit the courts can not bury, that's it. Believe otherwise at your own risk.

If they (FHFA, treasury, courts) were going to destroy the GSE'S for one share class, it would have been done long ago and not 14+ years down the road with 90+ billion of capital already built. We release no richer, but obviously all poorer, then as time passes, and release happens, the market will determine each investors value creation. THAT is not hard to understand, now is it? Happens every day.

None of the government branches involved are going to let any share class tear down what they see as their progress in running the GSE's. Only a morally determined congress and president will get us to people doing the right thing for release.