Fannie Mae-No Politics (FNMA)

[The Man With No Name]

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.

Robert listen and listen good, it doesn't matter if they are making a trillion dollars in quarterly income, what matters is if they have the adequate capital buffer as required by law....and they don't. Furthermore, it doesn't matter how much money they are making if your security, the commons, isn't "in the money" and IT IS NOT.

As far as an analogous example of the NWS, any post-petition DIP loan restructuring that changes the terms of the original loan is analogous.

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

And? And the government took 92% of AIG. They could easily do the same here but IMO they will take more.

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?

The magical charter you keep referring to will not save you. You may as well quit acting as if it's a special silver bullet. But concerning GM, the government picked winners and losers and shoved it right down shareholder's and bondholder's throats. And Judge Gerber allowed it.

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

More or less it is and yes, the litigation will go away. He wasn't wrong.