Fannie Mae-No Politics (FNMA)

[familymang]

Calabria just told you exactly what Treasury plans to do in a restructuring, and you still refuse to face the reality of the situation.

"You can lead a horse to water, but you can't make him drink"

Good luck

P.S. this is the exact scenario Ackman was worried about when he said he purchased Jr Pfd shares to hedge against an unfavorable restructuring that negatively impacts the common shares but helps the jr preferred shares. So even he had the insight to see this as a possibility, and now Treasury just told you its the only viable option they are even considering.