Fannie Mae-No Politics (FNMA)

[The Man With No Name]

No need for a link when you have decades of courtroom and actual experience. The last time you asked for a link you had to apologize. Go find yourself a transcript of any confirmation hearing or first day hearing of any Chapter 11 re-org. The language is always the same because that's what Chapter 11s are for.

May I suggest you go find a link that shows either the commons or junior preferreds are "in the money"?

Even though the GSEs have billions in their coffers, they still don't have enough for distributions via a re-org to junior shareholders.