Fannie Mae-No Politics (FNMA)

[FOFreddie]

Thanks LuLeVan - looks like great links. I do think there will be more litigation if there is a cramdown and I don't think someone like Ackman will just stand by and let the common get crushed. The JPS may benefit some from a cramdown but the real benefactor will be the UST which in essence be a Constitutional Takings. The MQD issues are also topical and ripe as a basis to challenge any cramdown.