Fannie Mae-No Politics (FNMA)

[kthomp19]

Well consider that if the FHFA was found to not have acted in good faith and fair dealing for the NWS, do you think maybe just maybe they could be subject to a similar argument when it comes to agreeing to the non-cash sweeps?

You are conflating FHFA and Treasury here. What you said was "The probably that the LP gets adjusted to zero is much greater today than it was prior to this year."

A senior pref writedown is an action that only Treasury can take, while the jury verdict only pertained to FHFA. There is no connection between the two. That means your statement about the probability of a writedown makes no logical sense; the conclusion has nothing to do with the premise.

Let's not pretend like we all don't know that the NWS is still happening, albeit in a different form.

The current arrangement is far, far more helpful to the companies than the original NWS was. It is equally bad for the shareholders, but neither FHFA nor Treasury have shown any inclination to do any more for shareholders than they are absolutely forced to and I don't expect that to change.