Fannie Mae-No Politics (FNMA)

[philipmax]

The good news here is that 'all the king's men' can't make this conservatorship disappear.
Firstly, it is not bankruptcy, so, the courts can't pull usual magic BS to dismiss the small shareholders, because the shareholders are equity holders and wherever you turn, there is money floating in. The judges can't simply ignore the shareholders because there are more of them than there are creditors.
Secondly, There is very little Law precedent in conservatorship,. It has a real meaning (currently ignored), that forces whoever is put in charge to keep the organization solvent in the interest of the SHAREHOLDERS (current SCOTUS opinion not withstanding), hence they must maintain equity for the shareholders and not for any administration agency..
Thirdly, Hindering the operations of F&F would cause more trouble to the economy than all of the past bank failures combined. A total collapse of the US mortgage market valued in the $TRLLIONS.. Only fools would attempt such a move (Oh! Wait... they are already here).
Eventually, there would have to be a public admission that this was a major crime committed against all the people of the United States.