Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Why don't you give us an analogous example of the NWS and a bankruptcy reorg where two profitable enterprises with quarterly income in the billions were restructured.

A lot of people have compared AIG to Fannie Mae and Freddie Mac.

Maybe the GM bankruptcy? But that was not a government sponsored enterprise with a special Charter from Congress to be the backbone of the US Secondary Mortgage Market was it?

MC said this was an administrative bankruptcy and that all the litigation will go away.

The litigation is still going but MC's not.