Fannie Mae-No Politics (FNMA)

[The Man With No Name]

None of those things disproves my central point that FnF are essentially already in bankruptcy. It happened in 2008. It's not the entry into bankruptcy that we should be concerned about, it's the restructuring required to exit.

After 14 years shareholders have been lulled into thinking they can never be wiped out. It's a false sense of security.